FLZH vs MLCI: Correlation
How closely do Flash Sports & Media Holdings, Inc. (FLZH) and Mount Logan Capital Inc. (MLCI) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLZH and MLCI?
Across a 3-year window, the weekly returns of FLZH and MLCI correlate at -0.23, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.25 over 1 year against -0.23 over 3. Stretching to 5 years gives -0.21, with an annualized covariance of -5367.2 %².
Within FLZH's tracked universe of 31 assets, MLCI comes in at #19 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MLCI outperformed by 69.0 percentage points (-99.2% for FLZH against -30.2% for MLCI). One caveat on sizing: FLZH is 7.8 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 MLCI: side by side
| FLZH (Flash Sports & Media Holdings, Inc.) | MLCI (Mount Logan Capital Inc.) | |
|---|---|---|
| 1-year return | -99.2% | -30.2% |
| 5-year return | -100.0% | -55.0% |
| Volatility (ann.) | 424.7% | 54.8% |
| Beta vs S&P 500 | -2.13 | 0.45 |
| Max drawdown (3Y) | -99.9% | -68.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 4.68% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FLZH | MLCI |
|---|---|---|
| 2022 | -74.0% | -28.2% |
| 2023 | -48.5% | -22.3% |
| 2024 | -32.5% | -10.5% |
| 2025 | -70.4% | +125.7% |
| 2026 | -98.9% | -60.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLZH and MLCI good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between FLZH and MLCI?
As of 2026-08-27, the correlation of weekly returns between FLZH and MLCI is -0.23 over 3 years, -0.25 over 1 year and -0.21 over 5 years.
Is MLCI a good diversifier for FLZH?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 mean?
A reading of -0.23 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-mlci.json
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[](https://www.pairbook.io/pair/flzh-vs-mlci/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FLZH correlations · MLCI correlations
