FLNT vs RNAZ: Correlation
Measured on weekly returns over the past three years, Fluent, Inc. (FLNT) and TransCode Therapeutics, Inc. (RNAZ) carry a correlation of 0.32, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLNT and RNAZ?
Over the past 3 years, FLNT and RNAZ moved with a correlation of 0.32, which is moderate. Recent behaviour matches the longer record: 0.26 over 1 year against 0.32 over 3. Over 5 years the correlation is 0.26, and the annualized covariance of weekly returns is 4416.4 %².
Within FLNT's tracked universe of 10 assets, RNAZ comes in at #5 by 3-year correlation. The last year tells two different stories: FLNT led by 130.8 percentage points, +53.5% for FLNT against -77.3% for RNAZ. Note the risk asymmetry: RNAZ runs 2.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
FLNT vs RNAZ: side by side
| FLNT (Fluent, Inc.) | RNAZ (TransCode Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +53.5% | -77.3% |
| 5-year return | -77.2% | -100.0% |
| Volatility (ann.) | 78.8% | 173.5% |
| Beta vs S&P 500 | 1.29 | 2.47 |
| Max drawdown (3Y) | -65.8% | -100.0% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FLNT | RNAZ |
|---|---|---|
| 2022 | -45.2% | -73.5% |
| 2023 | -38.5% | -98.8% |
| 2024 | -37.3% | -98.5% |
| 2025 | -4.8% | -92.8% |
| 2026 | +54.2% | -66.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLNT and RNAZ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FLNT and RNAZ?
Using weekly returns as of 2026-08-27: 0.32 over 3 years, with 0.26 over the last year and 0.26 over 5 years.
Is RNAZ a good diversifier for FLNT?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.32 mean?
On the −1 to +1 scale, 0.32 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/flnt-vs-rnaz.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/flnt-vs-rnaz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FLNT correlations · RNAZ correlations
