FLYE vs PVLA: Correlation
Measured on weekly returns over the past three years, Fly-E Group, Inc. (FLYE) and Palvella Therapeutics, Inc. (PVLA) carry a correlation of -0.31, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLYE and PVLA?
Over the past 3 years, FLYE and PVLA moved with a correlation of -0.31, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.04) runs above the 3-year figure (-0.31). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -5544.4 %².
Among the 44 assets we track against FLYE, PVLA sits near the bottom by co-movement, at rank #44. Correlation aside, the last 12 months split them widely, with PVLA ahead by 255.3 points (-89.0% versus +166.3%).
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 PVLA: side by side
| FLYE (Fly-E Group, Inc.) | PVLA (Palvella Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -89.0% | +166.3% |
| 5-year return | n/a | -62.3% |
| Volatility (ann.) | 153.0% | 105.3% |
| Beta vs S&P 500 | 1.73 | 0.24 |
| Max drawdown (3Y) | -99.8% | -77.6% |
| Market cap | – | $2.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FLYE | PVLA |
|---|---|---|
| 2022 | – | -72.5% |
| 2023 | – | -82.5% |
| 2024 | – | -17.6% |
| 2025 | -92.1% | +772.2% |
| 2026 | -74.4% | +43.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLYE and PVLA good diversifiers for each other?
By historical standards, yes. A correlation of -0.31 means the two rarely move for the same reasons.
FAQ
What is the correlation between FLYE and PVLA?
As of 2026-08-27, the correlation of weekly returns between FLYE and PVLA is -0.31 over 3 years, -0.04 over 1 year and n/a over 5 years.
Is PVLA a good diversifier for FLYE?
By historical standards, yes. A correlation of -0.31 means the two rarely move for the same reasons.
What does a correlation of -0.31 mean?
On the −1 to +1 scale, -0.31 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-pvla.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/flye-vs-pvla/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FLYE correlations · PVLA correlations
