FLGT vs KEYS: Correlation
Fulgent Genetics, Inc. (FLGT) and Keysight Technologies (KEYS) show a negative relationship: their 3-year correlation of weekly returns is -0.13.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLGT and KEYS?
Across a 3-year window, the weekly returns of FLGT and KEYS correlate at -0.13, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.50) than the 3-year average (-0.13). Stretching to 5 years gives 0.08, with an annualized covariance of -227.0 %².
Out of 11 assets tracked against FLGT, KEYS lands near the bottom at #8. Their recent paths diverged sharply: over the last 12 months KEYS outperformed by 105.2 percentage points (-7.8% for FLGT against +97.4% for KEYS).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
FLGT vs KEYS: side by side
| FLGT (Fulgent Genetics, Inc.) | KEYS (Keysight Technologies) | |
|---|---|---|
| 1-year return | -7.8% | +97.4% |
| 5-year return | -78.2% | +81.9% |
| Volatility (ann.) | 46.5% | 36.8% |
| Beta vs S&P 500 | 0.55 | 1.58 |
| Max drawdown (3Y) | -59.2% | -31.4% |
| Market cap | $0.5B | $55.5B |
| P/E (trailing) | – | 43.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | FLGT | KEYS |
|---|---|---|
| 2022 | -70.4% | -17.2% |
| 2023 | -2.9% | -7.0% |
| 2024 | -36.1% | +1.0% |
| 2025 | +42.2% | +26.5% |
| 2026 | -24.1% | +60.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLGT and KEYS good diversifiers for each other?
Yes: at -0.13, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FLGT and KEYS?
The FLGT/KEYS correlation stands at -0.13 on a 3-year window (1 year: -0.50, 5 years: 0.08), computed from weekly returns as of 2026-08-27.
Is KEYS a good diversifier for FLGT?
Yes: at -0.13, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.13 mean?
On the −1 to +1 scale, -0.13 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/flgt-vs-keys.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/flgt-vs-keys/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FLGT correlations · KEYS correlations
