EPAC vs FELE: Correlation
How closely do Enerpac Tool Group Corp. (EPAC) and Franklin Electric Co., Inc. (FELE) trade together? Their weekly returns over three years give a correlation of 0.54, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EPAC and FELE?
On 3 years of weekly data the EPAC/FELE correlation comes out at 0.54, moderate. Recent behaviour matches the longer record: 0.55 over 1 year against 0.54 over 3. The 5-year figure is 0.52, and annualized covariance runs at 350.4 %².
FELE is one of the assets that tracks EPAC most closely: it ranks #2 out of the 10 assets we track against EPAC. The last year tells two different stories: FELE led by 16.1 percentage points, -12.3% for EPAC 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.
EPAC vs FELE: side by side
| EPAC (Enerpac Tool Group Corp.) | FELE (Franklin Electric Co., Inc.) | |
|---|---|---|
| 1-year return | -12.3% | +3.8% |
| 5-year return | +50.0% | +25.2% |
| Volatility (ann.) | 28.6% | 22.7% |
| Beta vs S&P 500 | 0.80 | 0.79 |
| Max drawdown (3Y) | -36.1% | -23.5% |
| Market cap | $1.9B | $4.5B |
| P/E (trailing) | 21.4 | 29.4 |
| Dividend yield | 0.11% | 1.06% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EPAC | FELE |
|---|---|---|
| 2022 | +25.7% | -14.9% |
| 2023 | +22.3% | +22.4% |
| 2024 | +32.3% | +1.8% |
| 2025 | -6.8% | -0.9% |
| 2026 | -1.9% | +7.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EPAC and FELE good diversifiers for each other?
Only partially. A correlation of 0.54 means EPAC 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 EPAC and FELE?
As of 2026-08-27, the correlation of weekly returns between EPAC and FELE is 0.54 over 3 years, 0.55 over 1 year and 0.52 over 5 years.
Is FELE a good diversifier for EPAC?
Only partially. A correlation of 0.54 means EPAC 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 0.54 mean?
A reading of 0.54 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: EPAC correlations · FELE correlations
