BESS vs FKWL: Correlation
How closely do Bimergen Energy Corporation (BESS) and Franklin Wireless Corp. (FKWL) trade together? Their weekly returns over three years give a correlation of 0.35, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BESS and FKWL?
On 3 years of weekly data the BESS/FKWL correlation comes out at 0.35, moderate. The link has loosened recently: the 1-year correlation (-0.07) runs below the 3-year figure (0.35). The 5-year figure is 0.23, and annualized covariance runs at 61376.0 %².
By 3-year correlation, FKWL places #17 of the 51 assets tracked against BESS. On 12-month performance FKWL holds a 9.0-point edge, -50.4% against -41.4%. Note the risk asymmetry: BESS runs 151.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
BESS vs FKWL: side by side
| BESS (Bimergen Energy Corporation) | FKWL (Franklin Wireless Corp.) | |
|---|---|---|
| 1-year return | -50.4% | -41.4% |
| 5-year return | -87.7% | -69.6% |
| Volatility (ann.) | 5140.2% | 33.9% |
| Beta vs S&P 500 | 17.01 | 0.02 |
| Max drawdown (3Y) | -99.5% | -67.3% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BESS | FKWL |
|---|---|---|
| 2022 | -30.0% | +2.1% |
| 2023 | -14.3% | -24.0% |
| 2024 | +16.7% | +44.5% |
| 2025 | +7.1% | -10.1% |
| 2026 | -70.5% | -43.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BESS and FKWL good diversifiers for each other?
Reasonably. At 0.35, BESS and FKWL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BESS and FKWL?
The BESS/FKWL correlation stands at 0.35 on a 3-year window (1 year: -0.07, 5 years: 0.23), computed from weekly returns as of 2026-08-27.
Is FKWL a good diversifier for BESS?
Reasonably. At 0.35, BESS and FKWL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 mean?
A reading of 0.35 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/bess-vs-fkwl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bess-vs-fkwl/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BESS correlations · FKWL correlations
