AEIS vs FN: Correlation
Measured on weekly returns over the past three years, Advanced Energy Industries, Inc. (AEIS) and Fabrinet (FN) carry a correlation of 0.62, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEIS and FN?
Across a 3-year window, the weekly returns of AEIS and FN correlate at 0.62, strong. The relationship has been stable: the 1-year correlation (0.57) sits close to the 3-year figure. Stretching to 5 years gives 0.58, with an annualized covariance of 1494.7 %².
Within AEIS's tracked universe of 32 assets, FN comes in at #10 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months AEIS outperformed by 56.8 percentage points (+87.0% for AEIS against +30.2% for FN).
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 FN: side by side
| AEIS (Advanced Energy Industries, Inc.) | FN (Fabrinet) | |
|---|---|---|
| 1-year return | +87.0% | +30.2% |
| 5-year return | +222.9% | +317.1% |
| Volatility (ann.) | 43.9% | 55.4% |
| Beta vs S&P 500 | 1.69 | 1.97 |
| Max drawdown (3Y) | -39.9% | -44.5% |
| Market cap | $11.5B | $15.5B |
| P/E (trailing) | 52.4 | 33.2 |
| Dividend yield | 0.14% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AEIS | FN |
|---|---|---|
| 2022 | -5.4% | +8.2% |
| 2023 | +27.5% | +48.4% |
| 2024 | +6.6% | +15.5% |
| 2025 | +81.6% | +107.1% |
| 2026 | +37.3% | -5.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEIS and FN good diversifiers for each other?
Only partially. A correlation of 0.62 means AEIS and FN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between AEIS and FN?
Using weekly returns as of 2026-08-27: 0.62 over 3 years, with 0.57 over the last year and 0.58 over 5 years.
Is FN a good diversifier for AEIS?
Only partially. A correlation of 0.62 means AEIS and FN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.62 mean?
A reading of 0.62 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aeis-vs-fn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aeis-vs-fn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AEIS correlations · FN correlations
