FLUT vs ROMA: Correlation
How closely do Flutter Entertainment plc (FLUT) and Roma Green Finance Limited - Class A (ROMA) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLUT and ROMA?
Over the past 3 years, FLUT and ROMA moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.15 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -1298.5 %².
ROMA is close to the least connected end of FLUT's tracked universe, ranking #11 of 14. The last year tells two different stories: ROMA led by 332.5 percentage points, -68.9% for FLUT against +263.6% for ROMA. Risk is not evenly split, since ROMA carries 2.9 times the volatility of the other side.
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.
FLUT vs ROMA: side by side
| FLUT (Flutter Entertainment plc) | ROMA (Roma Green Finance Limited - Class A) | |
|---|---|---|
| 1-year return | -68.9% | +263.6% |
| 5-year return | -51.0% | n/a |
| Volatility (ann.) | 41.7% | 122.9% |
| Beta vs S&P 500 | 1.16 | 0.47 |
| Max drawdown (3Y) | -70.1% | -88.0% |
| Market cap | $16.5B | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FLUT | ROMA |
|---|---|---|
| 2022 | -14.4% | – |
| 2023 | +32.8% | – |
| 2024 | +44.4% | – |
| 2025 | -16.8% | +116.7% |
| 2026 | -55.8% | +442.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLUT and ROMA good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FLUT and ROMA?
As of 2026-08-27, the correlation of weekly returns between FLUT and ROMA is -0.25 over 3 years, -0.15 over 1 year and n/a over 5 years.
Is ROMA a good diversifier for FLUT?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 mean?
A reading of -0.25 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/flut-vs-roma.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/flut-vs-roma/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FLUT correlations · ROMA correlations
