FLUT vs SRAD: Correlation
How closely do Flutter Entertainment plc (FLUT) and Sportradar Group AG - Class A (SRAD) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLUT and SRAD?
On 3 years of weekly data the FLUT/SRAD correlation comes out at 0.45, moderate. The relationship has been stable: the 1-year correlation (0.48) sits close to the 3-year figure. The 5-year figure is 0.41, and annualized covariance runs at 795.1 %².
By 3-year correlation, SRAD places #6 of the 14 assets tracked against FLUT. The trailing year gives SRAD the advantage: -68.9% versus -59.2%, a 9.7-point spread.
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 SRAD: side by side
| FLUT (Flutter Entertainment plc) | SRAD (Sportradar Group AG - Class A) | |
|---|---|---|
| 1-year return | -68.9% | -59.2% |
| 5-year return | -51.0% | -49.0% |
| Volatility (ann.) | 41.7% | 42.2% |
| Beta vs S&P 500 | 1.16 | 0.97 |
| Max drawdown (3Y) | -70.1% | -61.2% |
| Market cap | $16.5B | $3.8B |
| P/E (trailing) | – | 213.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FLUT | SRAD |
|---|---|---|
| 2022 | -14.4% | -43.3% |
| 2023 | +32.8% | +10.9% |
| 2024 | +44.4% | +56.9% |
| 2025 | -16.8% | +37.1% |
| 2026 | -55.8% | -46.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLUT and SRAD good diversifiers for each other?
Reasonably. At 0.45, FLUT and SRAD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FLUT and SRAD?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.48 over the last year and 0.41 over 5 years.
Is SRAD a good diversifier for FLUT?
Reasonably. At 0.45, FLUT and SRAD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 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
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Related comparisons
Hubs: FLUT correlations · SRAD correlations
