FLYE vs UHS: Correlation
Fly-E Group, Inc. (FLYE) and Universal Health Services (UHS) show a negative relationship: their 3-year correlation of weekly returns is -0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLYE and UHS?
Over the past 3 years, FLYE and UHS moved with a correlation of -0.29, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.26) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -1464.0 %².
Within FLYE's tracked universe of 44 assets, UHS comes in at #39 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months UHS outperformed by 84.0 percentage points (-89.0% for FLYE against -5.0% for UHS). Note the risk asymmetry: FLYE runs 4.9 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 UHS: side by side
| FLYE (Fly-E Group, Inc.) | UHS (Universal Health Services) | |
|---|---|---|
| 1-year return | -89.0% | -5.0% |
| 5-year return | n/a | +13.5% |
| Volatility (ann.) | 153.0% | 31.1% |
| Beta vs S&P 500 | 1.73 | 0.60 |
| Max drawdown (3Y) | -99.8% | -42.0% |
| Market cap | – | $10.2B |
| P/E (trailing) | – | 7.3 |
| Dividend yield | 0.00% | 0.45% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | FLYE | UHS |
|---|---|---|
| 2022 | – | +9.4% |
| 2023 | – | +8.8% |
| 2024 | – | +18.2% |
| 2025 | -92.1% | +22.0% |
| 2026 | -74.4% | -20.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLYE and UHS good diversifiers for each other?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
FAQ
What is the correlation between FLYE and UHS?
The FLYE/UHS correlation stands at -0.29 on a 3-year window (1 year: -0.26, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is UHS a good diversifier for FLYE?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
What does a correlation of -0.29 mean?
A reading of -0.29 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-uhs.json
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Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FLYE correlations · UHS correlations
