FLGT vs RGEN: Correlation
Measured on weekly returns over the past three years, Fulgent Genetics, Inc. (FLGT) and Repligen Corporation (RGEN) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLGT and RGEN?
Across a 3-year window, the weekly returns of FLGT and RGEN correlate at 0.39, moderate. Little has changed lately, as the 1-year reading of 0.39 lands near the 3-year figure. Stretching to 5 years gives 0.45, with an annualized covariance of 899.5 %².
By 3-year correlation, RGEN places #5 of the 11 assets tracked against FLGT. Correlation aside, the last 12 months split them widely, with RGEN ahead by 60.9 points (-7.8% versus +53.1%).
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 RGEN: side by side
| FLGT (Fulgent Genetics, Inc.) | RGEN (Repligen Corporation) | |
|---|---|---|
| 1-year return | -7.8% | +53.1% |
| 5-year return | -78.2% | -35.6% |
| Volatility (ann.) | 46.5% | 49.5% |
| Beta vs S&P 500 | 0.55 | 1.35 |
| Max drawdown (3Y) | -59.2% | -50.6% |
| Market cap | $0.5B | $10.3B |
| P/E (trailing) | – | 252.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FLGT | RGEN |
|---|---|---|
| 2022 | -70.4% | -36.1% |
| 2023 | -2.9% | +6.2% |
| 2024 | -36.1% | -19.9% |
| 2025 | +42.2% | +13.8% |
| 2026 | -24.1% | +11.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLGT and RGEN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FLGT and RGEN?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.39 over the last year and 0.45 over 5 years.
Is RGEN a good diversifier for FLGT?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 mean?
A reading of 0.39 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/flgt-vs-rgen.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/flgt-vs-rgen/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FLGT correlations · RGEN correlations
