FLYE vs HIG: Correlation
Measured on weekly returns over the past three years, Fly-E Group, Inc. (FLYE) and Hartford (The) (HIG) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLYE and HIG?
Across a 3-year window, the weekly returns of FLYE and HIG correlate at -0.25, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.38) runs below the 3-year figure (-0.25). Stretching to 5 years gives n/a, with an annualized covariance of -772.6 %².
Among the 44 assets we track against FLYE, HIG ranks #33 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months HIG outperformed by 94.4 percentage points (-89.0% for FLYE against +5.4% for HIG). Risk is not evenly split, since FLYE carries 7.8 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 HIG: side by side
| FLYE (Fly-E Group, Inc.) | HIG (Hartford (The)) | |
|---|---|---|
| 1-year return | -89.0% | +5.4% |
| 5-year return | n/a | +127.4% |
| Volatility (ann.) | 153.0% | 19.5% |
| Beta vs S&P 500 | 1.73 | 0.39 |
| Max drawdown (3Y) | -99.8% | -13.7% |
| Market cap | – | $37.3B |
| P/E (trailing) | – | 9.7 |
| Dividend yield | 0.00% | 1.66% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | FLYE | HIG |
|---|---|---|
| 2022 | – | +12.3% |
| 2023 | – | +8.5% |
| 2024 | – | +38.5% |
| 2025 | -92.1% | +28.1% |
| 2026 | -74.4% | +0.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLYE and HIG good diversifiers for each other?
Yes. With a correlation of -0.25, FLYE and HIG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FLYE and HIG?
As of 2026-08-27, the correlation of weekly returns between FLYE and HIG is -0.25 over 3 years, -0.38 over 1 year and n/a over 5 years.
Is HIG a good diversifier for FLYE?
Yes. With a correlation of -0.25, FLYE and HIG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 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/flye-vs-hig.json
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Related comparisons
Hubs: FLYE correlations · HIG correlations
