FLYX vs GEV: Correlation
Measured on weekly returns over the past three years, flyExclusive, Inc. (FLYX) and GE Vernova (GEV) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLYX and GEV?
On 3 years of weekly data the FLYX/GEV correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.29 over 1 year against -0.22 over 3. The 5-year figure is n/a, and annualized covariance runs at -950.0 %².
Among the 12 assets we track against FLYX, GEV sits near the bottom by co-movement, at rank #10. Correlation aside, the last 12 months split them widely, with GEV ahead by 123.3 points (-69.7% versus +53.6%). Risk is not evenly split, since FLYX carries 2.4 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.
FLYX vs GEV: side by side
| FLYX (flyExclusive, Inc.) | GEV (GE Vernova) | |
|---|---|---|
| 1-year return | -69.7% | +53.6% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 110.3% | 45.8% |
| Beta vs S&P 500 | 0.67 | 1.42 |
| Max drawdown (3Y) | -94.3% | -38.3% |
| Market cap | $0.2B | $254.0B |
| P/E (trailing) | – | 27.3 |
| Dividend yield | 0.00% | 0.18% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | FLYX | GEV |
|---|---|---|
| 2024 | -42.7% | – |
| 2025 | +30.5% | +99.0% |
| 2026 | -68.9% | +46.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLYX and GEV good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FLYX and GEV?
The FLYX/GEV correlation stands at -0.22 on a 3-year window (1 year: -0.29, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is GEV a good diversifier for FLYX?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 mean?
A reading of -0.22 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/flyx-vs-gev.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/flyx-vs-gev/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FLYX correlations · GEV correlations
