FLYE vs IMXI: Correlation
Fly-E Group, Inc. (FLYE) and International Money Express, Inc. (IMXI) show a negative relationship: their 3-year correlation of weekly returns is -0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLYE and IMXI?
Across a 3-year window, the weekly returns of FLYE and IMXI correlate at -0.31, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.04 versus -0.31 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of -2460.3 %².
Among the 44 assets we track against FLYE, IMXI sits near the bottom by co-movement, at rank #41. The last year tells two different stories: IMXI led by 89.5 percentage points, -89.0% for FLYE against +0.5% for IMXI. One caveat on sizing: FLYE is 3.2 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 IMXI: side by side
| FLYE (Fly-E Group, Inc.) | IMXI (International Money Express, Inc.) | |
|---|---|---|
| 1-year return | -89.0% | +0.5% |
| 5-year return | n/a | -19.7% |
| Volatility (ann.) | 153.0% | 47.9% |
| Beta vs S&P 500 | 1.73 | 0.78 |
| Max drawdown (3Y) | -99.8% | -61.8% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | 23.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FLYE | IMXI |
|---|---|---|
| 2022 | – | +52.7% |
| 2023 | – | -9.4% |
| 2024 | – | -5.7% |
| 2025 | -92.1% | -26.3% |
| 2026 | -74.4% | -5.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLYE and IMXI good diversifiers for each other?
Yes. With a correlation of -0.31, FLYE and IMXI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FLYE and IMXI?
Using weekly returns as of 2026-08-27: -0.31 over 3 years, with 0.04 over the last year and n/a over 5 years.
Is IMXI a good diversifier for FLYE?
Yes. With a correlation of -0.31, FLYE and IMXI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.31 mean?
A reading of -0.31 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-imxi.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/flye-vs-imxi/)
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Related comparisons
Hubs: FLYE correlations · IMXI correlations
