FLYE vs HSIC: Correlation
How closely do Fly-E Group, Inc. (FLYE) and Henry Schein (HSIC) trade together? Their weekly returns over three years give a correlation of -0.16, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLYE and HSIC?
On 3 years of weekly data the FLYE/HSIC correlation comes out at -0.16, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.16 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -629.2 %².
Within FLYE's tracked universe of 44 assets, HSIC comes in at #9 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months HSIC outperformed by 119.9 percentage points (-89.0% for FLYE against +30.9% for HSIC). Note the risk asymmetry: FLYE runs 6.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 HSIC: side by side
| FLYE (Fly-E Group, Inc.) | HSIC (Henry Schein) | |
|---|---|---|
| 1-year return | -89.0% | +30.9% |
| 5-year return | n/a | +20.1% |
| Volatility (ann.) | 153.0% | 25.2% |
| Beta vs S&P 500 | 1.73 | 0.33 |
| Max drawdown (3Y) | -99.8% | -24.3% |
| Market cap | – | $10.1B |
| P/E (trailing) | – | 26.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | FLYE | HSIC |
|---|---|---|
| 2022 | – | +3.0% |
| 2023 | – | -5.2% |
| 2024 | – | -8.6% |
| 2025 | -92.1% | +9.2% |
| 2026 | -74.4% | +19.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLYE and HSIC good diversifiers for each other?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
FAQ
What is the correlation between FLYE and HSIC?
As of 2026-08-27, the correlation of weekly returns between FLYE and HSIC is -0.16 over 3 years, -0.16 over 1 year and n/a over 5 years.
Is HSIC a good diversifier for FLYE?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
What does a correlation of -0.16 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/flye-vs-hsic.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/flye-vs-hsic/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FLYE correlations · HSIC correlations
