ESI vs FUN: Correlation
Element Solutions Inc. (ESI) and Six Flags Entertainment Corporation (FUN) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ESI and FUN?
On 3 years of weekly data the ESI/FUN correlation comes out at 0.45, moderate. Little has changed lately, as the 1-year reading of 0.50 lands near the 3-year figure. The 5-year figure is 0.41, and annualized covariance runs at 718.4 %².
Within ESI's tracked universe of 18 assets, FUN comes in at #12 by 3-year correlation. The last year tells two different stories: ESI led by 76.0 percentage points, +43.3% for ESI against -32.7% for FUN. Risk is not evenly split, since FUN 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.
ESI vs FUN: side by side
| ESI (Element Solutions Inc.) | FUN (Six Flags Entertainment Corporation) | |
|---|---|---|
| 1-year return | +43.3% | -32.7% |
| 5-year return | +67.5% | -61.4% |
| Volatility (ann.) | 32.8% | 49.2% |
| Beta vs S&P 500 | 1.26 | 1.35 |
| Max drawdown (3Y) | -40.0% | -77.7% |
| Market cap | $8.9B | $1.6B |
| P/E (trailing) | 49.4 | – |
| Dividend yield | 0.89% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ESI | FUN |
|---|---|---|
| 2022 | -23.9% | -16.2% |
| 2023 | +29.3% | -1.0% |
| 2024 | +11.3% | +22.8% |
| 2025 | -0.4% | -68.2% |
| 2026 | +46.7% | +4.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ESI and FUN good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ESI and FUN?
The ESI/FUN correlation stands at 0.45 on a 3-year window (1 year: 0.50, 5 years: 0.41), computed from weekly returns as of 2026-08-27.
Is FUN a good diversifier for ESI?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 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/esi-vs-fun.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/esi-vs-fun/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ESI correlations · FUN correlations
