FLYX vs PASG: Correlation
How closely do flyExclusive, Inc. (FLYX) and Passage Bio, Inc. (PASG) trade together? Their weekly returns over three years give a correlation of 0.31, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLYX and PASG?
Over the past 3 years, FLYX and PASG moved with a correlation of 0.31, which is moderate. The past 12 months show a tighter link (0.54) than the 3-year average (0.31). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 4570.7 %².
Among the 12 assets we track against FLYX, PASG ranks #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months PASG outperformed by 31.2 percentage points (-69.7% for FLYX against -38.5% for PASG).
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 PASG: side by side
| FLYX (flyExclusive, Inc.) | PASG (Passage Bio, Inc.) | |
|---|---|---|
| 1-year return | -69.7% | -38.5% |
| 5-year return | n/a | -98.1% |
| Volatility (ann.) | 110.3% | 128.4% |
| Beta vs S&P 500 | 0.67 | 2.11 |
| Max drawdown (3Y) | -94.3% | -88.2% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FLYX | PASG |
|---|---|---|
| 2022 | – | -78.3% |
| 2023 | – | -26.8% |
| 2024 | -42.7% | -43.9% |
| 2025 | +30.5% | +4.1% |
| 2026 | -68.9% | -63.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLYX and PASG good diversifiers for each other?
Reasonably. At 0.31, FLYX and PASG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FLYX and PASG?
As of 2026-08-27, the correlation of weekly returns between FLYX and PASG is 0.31 over 3 years, 0.54 over 1 year and n/a over 5 years.
Is PASG a good diversifier for FLYX?
Reasonably. At 0.31, FLYX and PASG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.31 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/flyx-vs-pasg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/flyx-vs-pasg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FLYX correlations · PASG correlations
