EMBC vs FLNC: Correlation
Embecta Corp. (EMBC) and Fluence Energy, Inc. (FLNC) show a negative relationship: their 3-year correlation of weekly returns is -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EMBC and FLNC?
Over the past 3 years, EMBC and FLNC moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.64) runs below the 3-year figure (-0.26). Over 5 years the correlation is -0.16, and the annualized covariance of weekly returns is -2064.9 %².
FLNC is close to the least connected end of EMBC's tracked universe, ranking #11 of 15. Their recent paths diverged sharply: over the last 12 months FLNC outperformed by 121.5 percentage points (-64.5% for EMBC against +57.0% for FLNC). Risk is not evenly split, since FLNC carries 1.5 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.
EMBC vs FLNC: side by side
| EMBC (Embecta Corp.) | FLNC (Fluence Energy, Inc.) | |
|---|---|---|
| 1-year return | -64.5% | +57.0% |
| 5-year return | -87.8% | -67.3% |
| Volatility (ann.) | 72.4% | 109.2% |
| Beta vs S&P 500 | 0.91 | 2.11 |
| Max drawdown (3Y) | -85.3% | -86.9% |
| Market cap | $0.3B | $2.1B |
| P/E (trailing) | 3.4 | – |
| Dividend yield | 9.29% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EMBC | FLNC |
|---|---|---|
| 2022 | – | -51.8% |
| 2023 | -23.1% | +39.1% |
| 2024 | +13.6% | -33.4% |
| 2025 | -39.6% | +24.6% |
| 2026 | -57.4% | -42.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EMBC and FLNC good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between EMBC and FLNC?
As of 2026-08-27, the correlation of weekly returns between EMBC and FLNC is -0.26 over 3 years, -0.64 over 1 year and -0.16 over 5 years.
Is FLNC a good diversifier for EMBC?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/embc-vs-flnc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/embc-vs-flnc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EMBC correlations · FLNC correlations
