FEIM vs TPL: Correlation
Frequency Electronics, Inc. (FEIM) and Texas Pacific Land Corporation (TPL) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FEIM and TPL?
On 3 years of weekly data the FEIM/TPL correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.40) runs below the 3-year figure (-0.21). The 5-year figure is -0.16, and annualized covariance runs at -728.2 %².
Among the 13 assets we track against FEIM, TPL sits near the bottom by co-movement, at rank #9. The last year tells two different stories: FEIM led by 74.2 percentage points, +97.0% for FEIM against +22.8% for TPL.
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 TPL: side by side
| FEIM (Frequency Electronics, Inc.) | TPL (Texas Pacific Land Corporation) | |
|---|---|---|
| 1-year return | +97.0% | +22.8% |
| 5-year return | +639.1% | +149.6% |
| Volatility (ann.) | 70.8% | 50.0% |
| Beta vs S&P 500 | 1.11 | 0.62 |
| Max drawdown (3Y) | -33.0% | -52.2% |
| Market cap | $0.7B | $25.5B |
| P/E (trailing) | – | 47.2 |
| Dividend yield | 0.00% | 0.61% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | FEIM | TPL |
|---|---|---|
| 2022 | -29.4% | +91.3% |
| 2023 | +80.9% | -32.4% |
| 2024 | +83.2% | +115.3% |
| 2025 | +190.7% | -21.6% |
| 2026 | +18.7% | +29.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FEIM and TPL good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FEIM and TPL?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.40 over the last year and -0.16 over 5 years.
Is TPL a good diversifier for FEIM?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/feim-vs-tpl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/feim-vs-tpl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FEIM correlations · TPL correlations
