FLYE vs SOLV: Correlation
Fly-E Group, Inc. (FLYE) and Solventum (SOLV) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLYE and SOLV?
Across a 3-year window, the weekly returns of FLYE and SOLV correlate at -0.19, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.18 over 1 year against -0.19 over 3. Stretching to 5 years gives n/a, with an annualized covariance of -894.4 %².
By 3-year correlation, SOLV places #13 of the 44 assets tracked against FLYE. The last year tells two different stories: SOLV led by 113.7 percentage points, -89.0% for FLYE against +24.7% for SOLV. Risk is not evenly split, since FLYE carries 5.0 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 SOLV: side by side
| FLYE (Fly-E Group, Inc.) | SOLV (Solventum) | |
|---|---|---|
| 1-year return | -89.0% | +24.7% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 153.0% | 30.4% |
| Beta vs S&P 500 | 1.73 | 0.62 |
| Max drawdown (3Y) | -99.8% | -40.0% |
| Market cap | – | $15.5B |
| P/E (trailing) | – | 11.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Health Care |
Are FLYE and SOLV good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between FLYE and SOLV?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with -0.18 over the last year and n/a over 5 years.
Is SOLV a good diversifier for FLYE?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 mean?
On the −1 to +1 scale, -0.19 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-solv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/flye-vs-solv/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FLYE correlations · SOLV correlations
