FLYE vs IMKTA: Correlation
Fly-E Group, Inc. (FLYE) and Ingles Markets, Incorporated (IMKTA) show a negative relationship: their 3-year correlation of weekly returns is -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLYE and IMKTA?
Over the past 3 years, FLYE and IMKTA moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.33 over 1 year against -0.26 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -1052.1 %².
Within FLYE's tracked universe of 44 assets, IMKTA comes in at #35 by 3-year correlation. The last year tells two different stories: IMKTA led by 111.5 percentage points, -89.0% for FLYE against +22.5% for IMKTA. One caveat on sizing: FLYE is 6.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 IMKTA: side by side
| FLYE (Fly-E Group, Inc.) | IMKTA (Ingles Markets, Incorporated) | |
|---|---|---|
| 1-year return | -89.0% | +22.5% |
| 5-year return | n/a | +28.3% |
| Volatility (ann.) | 153.0% | 24.9% |
| Beta vs S&P 500 | 1.73 | 0.17 |
| Max drawdown (3Y) | -99.8% | -32.0% |
| Market cap | – | $1.6B |
| P/E (trailing) | – | 15.2 |
| Dividend yield | 0.00% | 0.79% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FLYE | IMKTA |
|---|---|---|
| 2022 | – | +12.6% |
| 2023 | – | -9.8% |
| 2024 | – | -24.7% |
| 2025 | -92.1% | +7.4% |
| 2026 | -74.4% | +20.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLYE and IMKTA good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between FLYE and IMKTA?
The FLYE/IMKTA correlation stands at -0.26 on a 3-year window (1 year: -0.33, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is IMKTA a good diversifier for FLYE?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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-imkta.json
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Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FLYE correlations · IMKTA correlations
