FTK vs MRNA: Correlation
How closely do Flotek Industries, Inc. (FTK) and Moderna (MRNA) trade together? Their weekly returns over three years give a correlation of -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FTK and MRNA?
On 3 years of weekly data the FTK/MRNA correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.41) than the 3-year average (-0.20). The 5-year figure is -0.13, and annualized covariance runs at -1696.3 %².
Out of 12 assets tracked against FTK, MRNA lands near the bottom at #9. Their recent paths diverged sharply: over the last 12 months MRNA outperformed by 368.6 percentage points (+100.2% for FTK against +468.8% for MRNA).
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.
FTK vs MRNA: side by side
| FTK (Flotek Industries, Inc.) | MRNA (Moderna) | |
|---|---|---|
| 1-year return | +100.2% | +468.8% |
| 5-year return | +196.8% | -61.5% |
| Volatility (ann.) | 84.8% | 100.7% |
| Beta vs S&P 500 | 1.61 | 0.98 |
| Max drawdown (3Y) | -49.6% | -86.6% |
| Market cap | $0.9B | $57.0B |
| P/E (trailing) | 24.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | FTK | MRNA |
|---|---|---|
| 2022 | -0.9% | -29.3% |
| 2023 | -41.7% | -44.6% |
| 2024 | +143.1% | -58.2% |
| 2025 | +80.8% | -29.1% |
| 2026 | +41.6% | +384.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FTK and MRNA good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between FTK and MRNA?
As of 2026-08-27, the correlation of weekly returns between FTK and MRNA is -0.20 over 3 years, -0.41 over 1 year and -0.13 over 5 years.
Is MRNA a good diversifier for FTK?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 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/ftk-vs-mrna.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ftk-vs-mrna/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FTK correlations · MRNA correlations
