FLYX vs MNTS: Correlation
Measured on weekly returns over the past three years, flyExclusive, Inc. (FLYX) and Momentus Inc. (MNTS) carry a correlation of 0.34, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLYX and MNTS?
Over the past 3 years, FLYX and MNTS moved with a correlation of 0.34, which is moderate. The link has tightened recently: the 1-year correlation (0.50) runs above the 3-year figure (0.34). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 7006.6 %².
Few assets follow FLYX as closely as MNTS, which ranks #2 of 12 tracked partners. The trailing year gives FLYX the advantage: -69.7% versus -83.3%, a 13.6-point spread. Risk is not evenly split, since MNTS carries 1.9 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 MNTS: side by side
| FLYX (flyExclusive, Inc.) | MNTS (Momentus Inc.) | |
|---|---|---|
| 1-year return | -69.7% | -83.3% |
| 5-year return | n/a | -100.0% |
| Volatility (ann.) | 110.3% | 205.9% |
| Beta vs S&P 500 | 0.67 | 3.44 |
| Max drawdown (3Y) | -94.3% | -99.9% |
| Market cap | $0.2B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FLYX | MNTS |
|---|---|---|
| 2022 | – | -81.3% |
| 2023 | – | -95.6% |
| 2024 | -42.7% | -67.3% |
| 2025 | +30.5% | -96.6% |
| 2026 | -68.9% | -12.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLYX and MNTS good diversifiers for each other?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FLYX and MNTS?
The FLYX/MNTS correlation stands at 0.34 on a 3-year window (1 year: 0.50, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is MNTS a good diversifier for FLYX?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.34 mean?
On the −1 to +1 scale, 0.34 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/flyx-vs-mnts.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/flyx-vs-mnts/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FLYX correlations · MNTS correlations
