EBF vs FELE: Correlation
Measured on weekly returns over the past three years, Ennis, Inc. (EBF) and Franklin Electric Co., Inc. (FELE) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EBF and FELE?
On 3 years of weekly data the EBF/FELE correlation comes out at 0.55, moderate. Little has changed lately, as the 1-year reading of 0.52 lands near the 3-year figure. The 5-year figure is 0.49, and annualized covariance runs at 228.4 %².
Among the 11 assets we track against EBF, FELE ranks #4 by 3-year correlation. The last year tells two different stories: EBF led by 18.3 percentage points, +22.1% for EBF against +3.8% for FELE.
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.
EBF vs FELE: side by side
| EBF (Ennis, Inc.) | FELE (Franklin Electric Co., Inc.) | |
|---|---|---|
| 1-year return | +22.1% | +3.8% |
| 5-year return | +57.8% | +25.2% |
| Volatility (ann.) | 18.2% | 22.7% |
| Beta vs S&P 500 | 0.29 | 0.79 |
| Max drawdown (3Y) | -22.8% | -23.5% |
| Market cap | – | $4.5B |
| P/E (trailing) | 12.9 | 29.4 |
| Dividend yield | 4.66% | 1.06% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EBF | FELE |
|---|---|---|
| 2022 | +19.4% | -14.9% |
| 2023 | +3.6% | +22.4% |
| 2024 | +12.6% | +1.8% |
| 2025 | -10.0% | -0.9% |
| 2026 | +23.7% | +7.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EBF and FELE good diversifiers for each other?
Only partially. A correlation of 0.55 means EBF and FELE 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 EBF and FELE?
As of 2026-08-27, the correlation of weekly returns between EBF and FELE is 0.55 over 3 years, 0.52 over 1 year and 0.49 over 5 years.
Is FELE a good diversifier for EBF?
Only partially. A correlation of 0.55 means EBF and FELE share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.55 mean?
A reading of 0.55 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: EBF correlations · FELE correlations
