FLYE vs HAS: Correlation
Measured on weekly returns over the past three years, Fly-E Group, Inc. (FLYE) and Hasbro (HAS) carry a correlation of -0.17, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLYE and HAS?
Across a 3-year window, the weekly returns of FLYE and HAS correlate at -0.17, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.22 over 1 year against -0.17 over 3. Stretching to 5 years gives n/a, with an annualized covariance of -740.7 %².
By 3-year correlation, HAS places #11 of the 44 assets tracked against FLYE. The last year tells two different stories: HAS led by 108.2 percentage points, -89.0% for FLYE against +19.2% for HAS. Risk is not evenly split, since FLYE carries 4.8 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 HAS: side by side
| FLYE (Fly-E Group, Inc.) | HAS (Hasbro) | |
|---|---|---|
| 1-year return | -89.0% | +19.2% |
| 5-year return | n/a | +17.1% |
| Volatility (ann.) | 153.0% | 31.7% |
| Beta vs S&P 500 | 1.73 | 0.86 |
| Max drawdown (3Y) | -99.8% | -40.3% |
| Market cap | – | $13.3B |
| P/E (trailing) | – | 17.1 |
| Dividend yield | 0.00% | 2.91% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | FLYE | HAS |
|---|---|---|
| 2022 | – | -37.9% |
| 2023 | – | -11.9% |
| 2024 | – | +14.8% |
| 2025 | -92.1% | +52.5% |
| 2026 | -74.4% | +17.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLYE and HAS good diversifiers for each other?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between FLYE and HAS?
Using weekly returns as of 2026-08-27: -0.17 over 3 years, with -0.22 over the last year and n/a over 5 years.
Is HAS a good diversifier for FLYE?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
What does a correlation of -0.17 mean?
A reading of -0.17 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/flye-vs-has.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/flye-vs-has/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FLYE correlations · HAS correlations
