FCN vs TXN: Correlation
How closely do FTI Consulting, Inc. (FCN) and Texas Instruments (TXN) trade together? Their weekly returns over three years give a correlation of -0.17, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FCN and TXN?
Across a 3-year window, the weekly returns of FCN and TXN correlate at -0.17, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.25 over 1 year against -0.17 over 3. Stretching to 5 years gives -0.09, with an annualized covariance of -157.6 %².
Within FCN's tracked universe of 17 assets, TXN comes in at #8 by 3-year correlation. The last year tells two different stories: TXN led by 43.7 percentage points, -10.6% for FCN against +33.1% for TXN.
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 TXN: side by side
| FCN (FTI Consulting, Inc.) | TXN (Texas Instruments) | |
|---|---|---|
| 1-year return | -10.6% | +33.1% |
| 5-year return | +7.8% | +60.4% |
| Volatility (ann.) | 27.0% | 34.3% |
| Beta vs S&P 500 | 0.18 | 1.28 |
| Max drawdown (3Y) | -39.2% | -33.4% |
| Market cap | $4.2B | $243.4B |
| P/E (trailing) | 18.4 | 40.6 |
| Dividend yield | 0.00% | 2.15% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | FCN | TXN |
|---|---|---|
| 2022 | +3.5% | -9.9% |
| 2023 | +25.4% | +6.4% |
| 2024 | -4.0% | +13.1% |
| 2025 | -10.6% | -4.5% |
| 2026 | -11.0% | +56.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FCN and TXN good diversifiers for each other?
Yes. With a correlation of -0.17, FCN and TXN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FCN and TXN?
The FCN/TXN correlation stands at -0.17 on a 3-year window (1 year: -0.25, 5 years: -0.09), computed from weekly returns as of 2026-08-27.
Is TXN a good diversifier for FCN?
Yes. With a correlation of -0.17, FCN and TXN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.17 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: FCN correlations · TXN correlations
