FLYE vs SNDA: Correlation
Measured on weekly returns over the past three years, Fly-E Group, Inc. (FLYE) and Sonida Senior Living, Inc. (SNDA) carry a correlation of -0.30, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLYE and SNDA?
Across a 3-year window, the weekly returns of FLYE and SNDA correlate at -0.30, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.31) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -1742.4 %².
Out of 44 assets tracked against FLYE, SNDA lands near the bottom at #40. The last year tells two different stories: SNDA led by 138.0 percentage points, -89.0% for FLYE against +49.0% for SNDA. Risk is not evenly split, since FLYE carries 2.5 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 SNDA: side by side
| FLYE (Fly-E Group, Inc.) | SNDA (Sonida Senior Living, Inc.) | |
|---|---|---|
| 1-year return | -89.0% | +49.0% |
| 5-year return | n/a | +6.6% |
| Volatility (ann.) | 153.0% | 61.1% |
| Beta vs S&P 500 | 1.73 | 0.66 |
| Max drawdown (3Y) | -99.8% | -41.0% |
| Market cap | – | $1.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FLYE | SNDA |
|---|---|---|
| 2022 | – | -56.1% |
| 2023 | – | -22.7% |
| 2024 | – | +138.9% |
| 2025 | -92.1% | +41.3% |
| 2026 | -74.4% | +19.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLYE and SNDA good diversifiers for each other?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FLYE and SNDA?
The FLYE/SNDA correlation stands at -0.30 on a 3-year window (1 year: -0.31, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SNDA a good diversifier for FLYE?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.30 mean?
A reading of -0.30 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-snda.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/flye-vs-snda/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FLYE correlations · SNDA correlations
