AKAM vs FLNC: Correlation
How closely do Akamai Technologies (AKAM) and Fluence Energy, Inc. (FLNC) trade together? Their weekly returns over three years give a correlation of 0.36, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AKAM and FLNC?
On 3 years of weekly data the AKAM/FLNC correlation comes out at 0.36, moderate. The link has tightened recently: the 1-year correlation (0.46) runs above the 3-year figure (0.36). The 5-year figure is 0.32, and annualized covariance runs at 1796.8 %².
By 3-year correlation, FLNC places #14 of the 30 assets tracked against AKAM. The trailing year gives FLNC the advantage: +42.1% versus +57.0%, a 14.9-point spread. Risk is not evenly split, since FLNC carries 2.4 times the volatility of the other side.
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.
AKAM vs FLNC: side by side
| AKAM (Akamai Technologies) | FLNC (Fluence Energy, Inc.) | |
|---|---|---|
| 1-year return | +42.1% | +57.0% |
| 5-year return | -1.6% | -67.3% |
| Volatility (ann.) | 45.7% | 109.2% |
| Beta vs S&P 500 | 0.58 | 2.11 |
| Max drawdown (3Y) | -46.8% | -86.9% |
| Market cap | $16.0B | $2.1B |
| P/E (trailing) | 40.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | AKAM | FLNC |
|---|---|---|
| 2022 | -28.0% | -51.8% |
| 2023 | +40.4% | +39.1% |
| 2024 | -19.2% | -33.4% |
| 2025 | -8.8% | +24.6% |
| 2026 | +27.5% | -42.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AKAM and FLNC good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AKAM and FLNC?
As of 2026-08-27, the correlation of weekly returns between AKAM and FLNC is 0.36 over 3 years, 0.46 over 1 year and 0.32 over 5 years.
Is FLNC a good diversifier for AKAM?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.36 mean?
A reading of 0.36 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/akam-vs-flnc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/akam-vs-flnc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AKAM correlations · FLNC correlations
