FEIM vs LNG: Correlation
Measured on weekly returns over the past three years, Frequency Electronics, Inc. (FEIM) and Cheniere Energy, Inc. (LNG) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FEIM and LNG?
On 3 years of weekly data the FEIM/LNG correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.40 versus -0.25 over 3 years. The 5-year figure is -0.15, and annualized covariance runs at -502.6 %².
LNG is close to the least connected end of FEIM's tracked universe, ranking #13 of 13. The last year tells two different stories: FEIM led by 79.6 percentage points, +97.0% for FEIM against +17.4% for LNG. One caveat on sizing: FEIM is 2.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
FEIM vs LNG: side by side
| FEIM (Frequency Electronics, Inc.) | LNG (Cheniere Energy, Inc.) | |
|---|---|---|
| 1-year return | +97.0% | +17.4% |
| 5-year return | +639.1% | +231.8% |
| Volatility (ann.) | 70.8% | 28.3% |
| Beta vs S&P 500 | 1.11 | 0.13 |
| Max drawdown (3Y) | -33.0% | -24.9% |
| Market cap | $0.7B | $58.0B |
| P/E (trailing) | – | 21.5 |
| Dividend yield | 0.00% | 0.78% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FEIM | LNG |
|---|---|---|
| 2022 | -29.4% | +49.3% |
| 2023 | +80.9% | +15.0% |
| 2024 | +83.2% | +27.2% |
| 2025 | +190.7% | -8.7% |
| 2026 | +18.7% | +45.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FEIM and LNG good diversifiers for each other?
Yes. With a correlation of -0.25, FEIM and LNG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FEIM and LNG?
As of 2026-08-27, the correlation of weekly returns between FEIM and LNG is -0.25 over 3 years, -0.40 over 1 year and -0.15 over 5 years.
Is LNG a good diversifier for FEIM?
Yes. With a correlation of -0.25, FEIM and LNG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 mean?
A reading of -0.25 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/feim-vs-lng.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/feim-vs-lng/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FEIM correlations · LNG correlations
