FLYE vs NSPR: Correlation
Fly-E Group, Inc. (FLYE) and InspireMD Inc. (NSPR) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLYE and NSPR?
Across a 3-year window, the weekly returns of FLYE and NSPR correlate at -0.22, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.10 versus -0.22 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of -1972.2 %².
Among the 44 assets we track against FLYE, NSPR ranks #29 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months NSPR outperformed by 25.4 percentage points (-89.0% for FLYE against -63.6% for NSPR). Risk is not evenly split, since FLYE carries 2.6 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 NSPR: side by side
| FLYE (Fly-E Group, Inc.) | NSPR (InspireMD Inc.) | |
|---|---|---|
| 1-year return | -89.0% | -63.6% |
| 5-year return | n/a | -80.3% |
| Volatility (ann.) | 153.0% | 58.4% |
| Beta vs S&P 500 | 1.73 | 0.05 |
| Max drawdown (3Y) | -99.8% | -82.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FLYE | NSPR |
|---|---|---|
| 2022 | – | -71.5% |
| 2023 | – | +226.7% |
| 2024 | – | -6.4% |
| 2025 | -92.1% | -32.3% |
| 2026 | -74.4% | -50.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLYE and NSPR good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FLYE and NSPR?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.10 over the last year and n/a over 5 years.
Is NSPR a good diversifier for FLYE?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 mean?
A reading of -0.22 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-nspr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/flye-vs-nspr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FLYE correlations · NSPR correlations
