FPH vs GNLX: Correlation
Measured on weekly returns over the past three years, Five Point Holdings, LLC Class A (FPH) and Genelux Corporation (GNLX) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FPH and GNLX?
Across a 3-year window, the weekly returns of FPH and GNLX correlate at 0.38, moderate. The past 12 months show a weaker link (0.07) than the 3-year average (0.38). Stretching to 5 years gives n/a, with an annualized covariance of 1595.5 %².
Within FPH's tracked universe of 12 assets, GNLX comes in at #7 by 3-year correlation. On 12-month performance FPH holds a 11.6-point edge, -9.3% against -20.9%. Note the risk asymmetry: GNLX runs 2.1 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.
FPH vs GNLX: side by side
| FPH (Five Point Holdings, LLC Class A) | GNLX (Genelux Corporation) | |
|---|---|---|
| 1-year return | -9.3% | -20.9% |
| 5-year return | -37.3% | n/a |
| Volatility (ann.) | 44.0% | 94.6% |
| Beta vs S&P 500 | 0.83 | 0.99 |
| Max drawdown (3Y) | -33.4% | -94.4% |
| Market cap | $0.8B | $0.1B |
| P/E (trailing) | 7.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FPH | GNLX |
|---|---|---|
| 2022 | -64.4% | – |
| 2023 | +31.8% | – |
| 2024 | +23.1% | -83.2% |
| 2025 | +47.9% | +84.7% |
| 2026 | -8.8% | -33.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FPH and GNLX good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FPH and GNLX?
As of 2026-08-27, the correlation of weekly returns between FPH and GNLX is 0.38 over 3 years, 0.07 over 1 year and n/a over 5 years.
Is GNLX a good diversifier for FPH?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 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/fph-vs-gnlx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fph-vs-gnlx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FPH correlations · GNLX correlations
