FCN vs ICLN: Correlation
Measured on weekly returns over the past three years, FTI Consulting, Inc. (FCN) and iShares Global Clean Energy ETF (ICLN) carry a correlation of -0.18, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FCN and ICLN?
On 3 years of weekly data the FCN/ICLN correlation comes out at -0.18, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.32) than the 3-year average (-0.18). The 5-year figure is -0.13, and annualized covariance runs at -118.9 %².
Within FCN's tracked universe of 17 assets, ICLN comes in at #9 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ICLN outperformed by 36.2 percentage points (-10.6% for FCN against +25.6% for ICLN).
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.
FCN vs ICLN: side by side
| FCN (FTI Consulting, Inc.) | ICLN (iShares Global Clean Energy ETF) | |
|---|---|---|
| 1-year return | -10.6% | +25.6% |
| 5-year return | +7.8% | -18.4% |
| Volatility (ann.) | 27.0% | 24.0% |
| Beta vs S&P 500 | 0.18 | 0.78 |
| Max drawdown (3Y) | -39.2% | -34.6% |
| Market cap | $4.2B | – |
| P/E (trailing) | 18.4 | – |
| Dividend yield | 0.00% | 1.05% |
| Expense ratio | – | 0.39% |
| Assets under management | – | $2.3B |
| Sector / category | US Listed | ETF · Thematic |
ICLN, iShares's Miscellaneous Sector fund, carries $2.3B under management, 102 holdings, a 0.39% expense ratio, a 1.05% trailing dividend yield.
Year-by-year returns
| Year | FCN | ICLN |
|---|---|---|
| 2022 | +3.5% | -5.4% |
| 2023 | +25.4% | -20.4% |
| 2024 | -4.0% | -25.7% |
| 2025 | -10.6% | +47.0% |
| 2026 | -11.0% | +8.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FCN and ICLN good diversifiers for each other?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between FCN and ICLN?
The FCN/ICLN correlation stands at -0.18 on a 3-year window (1 year: -0.32, 5 years: -0.13), computed from weekly returns as of 2026-08-27.
Is ICLN a good diversifier for FCN?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
What does a correlation of -0.18 mean?
On the −1 to +1 scale, -0.18 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/fcn-vs-icln.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fcn-vs-icln/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FCN correlations · ICLN correlations
