FLYE vs PG: Correlation
How closely do Fly-E Group, Inc. (FLYE) and Procter & Gamble (PG) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLYE and PG?
Over the past 3 years, FLYE and PG moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.22 over 1 year against -0.22 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -534.4 %².
By 3-year correlation, PG places #30 of the 44 assets tracked against FLYE. The last year tells two different stories: PG led by 82.9 percentage points, -89.0% for FLYE against -6.1% for PG. Note the risk asymmetry: FLYE runs 10.0 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 PG: side by side
| FLYE (Fly-E Group, Inc.) | PG (Procter & Gamble) | |
|---|---|---|
| 1-year return | -89.0% | -6.1% |
| 5-year return | n/a | +13.9% |
| Volatility (ann.) | 153.0% | 15.3% |
| Beta vs S&P 500 | 1.73 | 0.19 |
| Max drawdown (3Y) | -99.8% | -21.2% |
| Market cap | – | $332.7B |
| P/E (trailing) | – | 21.9 |
| Dividend yield | 0.00% | 2.94% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | FLYE | PG |
|---|---|---|
| 2022 | – | -5.0% |
| 2023 | – | -0.9% |
| 2024 | – | +17.3% |
| 2025 | -92.1% | -12.3% |
| 2026 | -74.4% | +2.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLYE and PG good diversifiers for each other?
Yes. With a correlation of -0.22, FLYE and PG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FLYE and PG?
As of 2026-08-27, the correlation of weekly returns between FLYE and PG is -0.22 over 3 years, -0.22 over 1 year and n/a over 5 years.
Is PG a good diversifier for FLYE?
Yes. With a correlation of -0.22, FLYE and PG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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.
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Related comparisons
Hubs: FLYE correlations · PG correlations
