FLZH vs GROW: Correlation
How closely do Flash Sports & Media Holdings, Inc. (FLZH) and U.S. Global Investors, Inc. (GROW) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLZH and GROW?
Over the past 3 years, FLZH and GROW moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.32) sits close to the 3-year figure. Over 5 years the correlation is -0.15, and the annualized covariance of weekly returns is -3141.1 %².
Among the 31 assets we track against FLZH, GROW ranks #23 by 3-year correlation. The last year tells two different stories: GROW led by 142.1 percentage points, -99.2% for FLZH against +42.9% for GROW. Risk is not evenly split, since FLZH carries 15.0 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.
FLZH vs GROW: side by side
| FLZH (Flash Sports & Media Holdings, Inc.) | GROW (U.S. Global Investors, Inc.) | |
|---|---|---|
| 1-year return | -99.2% | +42.9% |
| 5-year return | -100.0% | -37.2% |
| Volatility (ann.) | 424.7% | 28.4% |
| Beta vs S&P 500 | -2.13 | 0.57 |
| Max drawdown (3Y) | -99.9% | -32.2% |
| Market cap | – | – |
| P/E (trailing) | – | 13.4 |
| Dividend yield | 0.00% | 2.69% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FLZH | GROW |
|---|---|---|
| 2022 | -74.0% | -32.6% |
| 2023 | -48.5% | +0.9% |
| 2024 | -32.5% | -10.2% |
| 2025 | -70.4% | +2.9% |
| 2026 | -98.9% | +42.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLZH and GROW good diversifiers for each other?
Yes. With a correlation of -0.26, FLZH and GROW have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FLZH and GROW?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with -0.32 over the last year and -0.15 over 5 years.
Is GROW a good diversifier for FLZH?
Yes. With a correlation of -0.26, FLZH and GROW have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 mean?
A reading of -0.26 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/flzh-vs-grow.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/flzh-vs-grow/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FLZH correlations · GROW correlations
