FLZH vs IZM: Correlation
Flash Sports & Media Holdings, Inc. (FLZH) and ICZOOM Group Inc. - Class A (IZM) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLZH and IZM?
On 3 years of weekly data the FLZH/IZM correlation comes out at 0.39, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.67 versus 0.39 over 3 years. The 5-year figure is n/a, and annualized covariance runs at 26121.1 %².
By 3-year correlation, IZM places #7 of the 31 assets tracked against FLZH. The trailing year gives IZM the advantage: -99.2% versus -90.2%, a 9.0-point spread. One caveat on sizing: FLZH is 2.7 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.
FLZH vs IZM: side by side
| FLZH (Flash Sports & Media Holdings, Inc.) | IZM (ICZOOM Group Inc. - Class A) | |
|---|---|---|
| 1-year return | -99.2% | -90.2% |
| 5-year return | -100.0% | n/a |
| Volatility (ann.) | 424.7% | 159.2% |
| Beta vs S&P 500 | -2.13 | -0.15 |
| Max drawdown (3Y) | -99.9% | -99.5% |
| Market cap | – | – |
| P/E (trailing) | – | 2.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FLZH | IZM |
|---|---|---|
| 2022 | -74.0% | – |
| 2023 | -48.5% | – |
| 2024 | -32.5% | -83.8% |
| 2025 | -70.4% | +50.3% |
| 2026 | -98.9% | -90.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLZH and IZM good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FLZH and IZM?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.67 over the last year and n/a over 5 years.
Is IZM a good diversifier for FLZH?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 mean?
A reading of 0.39 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-izm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/flzh-vs-izm/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FLZH correlations · IZM correlations
