FTH vs MLEC: Correlation
How closely do Faeth Therapeutics, Inc. (FTH) and Moolec Science SA (MLEC) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FTH and MLEC?
Over the past 3 years, FTH and MLEC moved with a correlation of 0.43, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.56 versus 0.43 over 3 years. Over 5 years the correlation is 0.35, and the annualized covariance of weekly returns is 8465.7 %².
By 3-year correlation, MLEC places #4 of the 19 assets tracked against FTH. Correlation aside, the last 12 months split them widely, with FTH ahead by 385.0 points (+320.7% versus -64.3%). One caveat on sizing: FTH is 1.8 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.
FTH vs MLEC: side by side
| FTH (Faeth Therapeutics, Inc.) | MLEC (Moolec Science SA) | |
|---|---|---|
| 1-year return | +320.7% | -64.3% |
| 5-year return | -83.6% | -99.5% |
| Volatility (ann.) | 189.5% | 104.4% |
| Beta vs S&P 500 | 1.77 | -0.21 |
| Max drawdown (3Y) | -84.3% | -99.3% |
| Market cap | $0.9B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FTH | MLEC |
|---|---|---|
| 2022 | -74.3% | +22.7% |
| 2023 | -53.6% | -79.7% |
| 2024 | -29.2% | -67.5% |
| 2025 | +8.9% | -96.8% |
| 2026 | +216.2% | +78.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FTH and MLEC good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FTH and MLEC?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.56 over the last year and 0.35 over 5 years.
Is MLEC a good diversifier for FTH?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 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/fth-vs-mlec.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fth-vs-mlec/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FTH correlations · MLEC correlations
