FLYE vs MKC: Correlation
Measured on weekly returns over the past three years, Fly-E Group, Inc. (FLYE) and McCormick & Company (MKC) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLYE and MKC?
Across a 3-year window, the weekly returns of FLYE and MKC correlate at -0.20, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.24 lands near the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -801.9 %².
By 3-year correlation, MKC places #17 of the 44 assets tracked against FLYE. Correlation aside, the last 12 months split them widely, with MKC ahead by 68.7 points (-89.0% versus -20.3%). Risk is not evenly split, since FLYE carries 5.8 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 MKC: side by side
| FLYE (Fly-E Group, Inc.) | MKC (McCormick & Company) | |
|---|---|---|
| 1-year return | -89.0% | -20.3% |
| 5-year return | n/a | -28.5% |
| Volatility (ann.) | 153.0% | 26.5% |
| Beta vs S&P 500 | 1.73 | 0.24 |
| Max drawdown (3Y) | -99.8% | -44.3% |
| Market cap | – | $14.7B |
| P/E (trailing) | – | 9.2 |
| Dividend yield | 0.00% | 3.38% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | FLYE | MKC |
|---|---|---|
| 2022 | – | -12.7% |
| 2023 | – | -15.7% |
| 2024 | – | +14.0% |
| 2025 | -92.1% | -8.3% |
| 2026 | -74.4% | -18.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLYE and MKC good diversifiers for each other?
Yes. With a correlation of -0.20, FLYE and MKC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FLYE and MKC?
The FLYE/MKC correlation stands at -0.20 on a 3-year window (1 year: -0.24, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is MKC a good diversifier for FLYE?
Yes. With a correlation of -0.20, FLYE and MKC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 mean?
A reading of -0.20 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-mkc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/flye-vs-mkc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FLYE correlations · MKC correlations
