FLYE vs WRB: Correlation
Fly-E Group, Inc. (FLYE) and W. R. Berkley Corporation (WRB) show a negative relationship: their 3-year correlation of weekly returns is -0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLYE and WRB?
Across a 3-year window, the weekly returns of FLYE and WRB correlate at -0.28, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.47 versus -0.28 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of -999.1 %².
By 3-year correlation, WRB places #38 of the 44 assets tracked against FLYE. Correlation aside, the last 12 months split them widely, with WRB ahead by 87.0 points (-89.0% versus -2.0%). One caveat on sizing: FLYE is 6.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 WRB: side by side
| FLYE (Fly-E Group, Inc.) | WRB (W. R. Berkley Corporation) | |
|---|---|---|
| 1-year return | -89.0% | -2.0% |
| 5-year return | n/a | +130.5% |
| Volatility (ann.) | 153.0% | 22.5% |
| Beta vs S&P 500 | 1.73 | 0.19 |
| Max drawdown (3Y) | -99.8% | -17.6% |
| Market cap | – | $25.4B |
| P/E (trailing) | – | 14.1 |
| Dividend yield | 0.00% | 0.54% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | FLYE | WRB |
|---|---|---|
| 2022 | – | +33.9% |
| 2023 | – | +0.2% |
| 2024 | – | +27.2% |
| 2025 | -92.1% | +23.0% |
| 2026 | -74.4% | -1.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLYE and WRB good diversifiers for each other?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
FAQ
What is the correlation between FLYE and WRB?
Using weekly returns as of 2026-08-27: -0.28 over 3 years, with -0.47 over the last year and n/a over 5 years.
Is WRB a good diversifier for FLYE?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
What does a correlation of -0.28 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/flye-vs-wrb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/flye-vs-wrb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FLYE correlations · WRB correlations
