FCN vs TAN: Correlation
Measured on weekly returns over the past three years, FTI Consulting, Inc. (FCN) and Invesco Solar ETF (TAN) 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 TAN?
Over the past 3 years, FCN and TAN moved with a correlation of -0.18, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.20 lands near the 3-year figure. Over 5 years the correlation is -0.13, and the annualized covariance of weekly returns is -184.2 %².
Among the 17 assets we track against FCN, TAN ranks #10 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TAN ahead by 32.0 points (-10.6% versus +21.4%).
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 TAN: side by side
| FCN (FTI Consulting, Inc.) | TAN (Invesco Solar ETF) | |
|---|---|---|
| 1-year return | -10.6% | +21.4% |
| 5-year return | +7.8% | -41.9% |
| Volatility (ann.) | 27.0% | 37.4% |
| Beta vs S&P 500 | 0.18 | 1.04 |
| Max drawdown (3Y) | -39.2% | -55.4% |
| Market cap | $4.2B | – |
| P/E (trailing) | 18.4 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | ETF · Thematic |
Year-by-year returns
| Year | FCN | TAN |
|---|---|---|
| 2022 | +3.5% | -5.2% |
| 2023 | +25.4% | -26.8% |
| 2024 | -4.0% | -37.6% |
| 2025 | -10.6% | +48.3% |
| 2026 | -11.0% | +1.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FCN and TAN 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 TAN?
As of 2026-08-27, the correlation of weekly returns between FCN and TAN is -0.18 over 3 years, -0.20 over 1 year and -0.13 over 5 years.
Is TAN 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-tan.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fcn-vs-tan/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FCN correlations · TAN correlations
