FLZH vs MCI: Correlation
How closely do Flash Sports & Media Holdings, Inc. (FLZH) and Barings Corporate Investors (MCI) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLZH and MCI?
On 3 years of weekly data the FLZH/MCI correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.36 versus -0.22 over 3 years. The 5-year figure is -0.17, and annualized covariance runs at -2345.9 %².
Among the 31 assets we track against FLZH, MCI ranks #17 by 3-year correlation. Correlation aside, the last 12 months split them widely, with MCI ahead by 91.5 points (-99.2% versus -7.7%). Note the risk asymmetry: FLZH runs 16.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 MCI: side by side
| FLZH (Flash Sports & Media Holdings, Inc.) | MCI (Barings Corporate Investors) | |
|---|---|---|
| 1-year return | -99.2% | -7.7% |
| 5-year return | -100.0% | +77.0% |
| Volatility (ann.) | 424.7% | 25.3% |
| Beta vs S&P 500 | -2.13 | 0.13 |
| Max drawdown (3Y) | -99.9% | -27.9% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | 13.2 |
| Dividend yield | 0.00% | 8.73% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FLZH | MCI |
|---|---|---|
| 2022 | -74.0% | -5.9% |
| 2023 | -48.5% | +44.5% |
| 2024 | -32.5% | +20.8% |
| 2025 | -70.4% | -3.7% |
| 2026 | -98.9% | +3.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLZH and MCI 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 FLZH and MCI?
As of 2026-08-27, the correlation of weekly returns between FLZH and MCI is -0.22 over 3 years, -0.36 over 1 year and -0.17 over 5 years.
Is MCI a good diversifier for FLZH?
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.
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Related comparisons
Hubs: FLZH correlations · MCI correlations
