AEIS vs FIP: Correlation
Advanced Energy Industries, Inc. (AEIS) and FTAI Infrastructure Inc. (FIP) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEIS and FIP?
On 3 years of weekly data the AEIS/FIP correlation comes out at 0.48, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.66 versus 0.48 over 3 years. The 5-year figure is 0.39, and annualized covariance runs at 1199.0 %².
Among the 32 assets we track against AEIS, FIP ranks #26 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months AEIS outperformed by 114.5 percentage points (+87.0% for AEIS against -27.5% for FIP).
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.
AEIS vs FIP: side by side
| AEIS (Advanced Energy Industries, Inc.) | FIP (FTAI Infrastructure Inc.) | |
|---|---|---|
| 1-year return | +87.0% | -27.5% |
| 5-year return | +222.9% | n/a |
| Volatility (ann.) | 43.9% | 56.6% |
| Beta vs S&P 500 | 1.69 | 1.48 |
| Max drawdown (3Y) | -39.9% | -68.0% |
| Market cap | $11.5B | $0.4B |
| P/E (trailing) | 52.4 | – |
| Dividend yield | 0.14% | 3.22% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AEIS | FIP |
|---|---|---|
| 2022 | -5.4% | – |
| 2023 | +27.5% | +36.9% |
| 2024 | +6.6% | +89.5% |
| 2025 | +81.6% | -34.9% |
| 2026 | +37.3% | -19.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEIS and FIP good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AEIS and FIP?
Using weekly returns as of 2026-08-27: 0.48 over 3 years, with 0.66 over the last year and 0.39 over 5 years.
Is FIP a good diversifier for AEIS?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 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.
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Related comparisons
Hubs: AEIS correlations · FIP correlations
