FRGT vs YYGH: Correlation
Freight Technologies, Inc. (FRGT) and YY Group Holding Limited - Class A (YYGH) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FRGT and YYGH?
On 3 years of weekly data the FRGT/YYGH correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.37 versus -0.20 over 3 years. The 5-year figure is n/a, and annualized covariance runs at -3655.6 %².
YYGH is close to the least connected end of FRGT's tracked universe, ranking #11 of 11. Their 12-month results are close: -95.4% for FRGT against -99.9% for YYGH.
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.
FRGT vs YYGH: side by side
| FRGT (Freight Technologies, Inc.) | YYGH (YY Group Holding Limited - Class A) | |
|---|---|---|
| 1-year return | -95.4% | -99.9% |
| 5-year return | -100.0% | n/a |
| Volatility (ann.) | 119.4% | 147.2% |
| Beta vs S&P 500 | 1.68 | 2.16 |
| Max drawdown (3Y) | -100.0% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FRGT | YYGH |
|---|---|---|
| 2022 | -96.2% | – |
| 2023 | -85.3% | – |
| 2024 | -97.8% | – |
| 2025 | -95.6% | -89.3% |
| 2026 | -82.3% | -99.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FRGT and YYGH good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FRGT and YYGH?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.37 over the last year and n/a over 5 years.
Is YYGH a good diversifier for FRGT?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 mean?
On the −1 to +1 scale, -0.20 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/frgt-vs-yygh.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/frgt-vs-yygh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FRGT correlations · YYGH correlations
