FLYE vs GOVX: Correlation
Measured on weekly returns over the past three years, Fly-E Group, Inc. (FLYE) and GeoVax Labs, Inc. (GOVX) 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 FLYE and GOVX?
Across a 3-year window, the weekly returns of FLYE and GOVX correlate at 0.32, moderate. The past 12 months show a weaker link (0.10) than the 3-year average (0.32). Stretching to 5 years gives n/a, with an annualized covariance of 12941.1 %².
GOVX is one of the assets that tracks FLYE most closely: it ranks #3 out of the 44 assets we track against FLYE. Over the last 12 months FLYE came out ahead by 7.2 percentage points (-89.0% against -96.2%). Risk is not evenly split, since GOVX carries 1.5 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.
FLYE vs GOVX: side by side
| FLYE (Fly-E Group, Inc.) | GOVX (GeoVax Labs, Inc.) | |
|---|---|---|
| 1-year return | -89.0% | -96.2% |
| 5-year return | n/a | -100.0% |
| Volatility (ann.) | 153.0% | 230.2% |
| Beta vs S&P 500 | 1.73 | 2.89 |
| Max drawdown (3Y) | -99.8% | -99.7% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FLYE | GOVX |
|---|---|---|
| 2022 | – | -82.6% |
| 2023 | – | -42.7% |
| 2024 | – | -54.4% |
| 2025 | -92.1% | -93.1% |
| 2026 | -74.4% | -83.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLYE and GOVX good diversifiers for each other?
Reasonably. At 0.32, FLYE and GOVX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FLYE and GOVX?
As of 2026-08-27, the correlation of weekly returns between FLYE and GOVX is 0.32 over 3 years, 0.10 over 1 year and n/a over 5 years.
Is GOVX a good diversifier for FLYE?
Reasonably. At 0.32, FLYE and GOVX keep a meaningful degree of independence, and combining them has historically reduced portfolio 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.
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Related comparisons
Hubs: FLYE correlations · GOVX correlations
