FEIM vs WU: Correlation
Frequency Electronics, Inc. (FEIM) and Western Union Company (The) (WU) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FEIM and WU?
On 3 years of weekly data the FEIM/WU correlation comes out at 0.38, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.54 versus 0.38 over 3 years. The 5-year figure is 0.31, and annualized covariance runs at 844.1 %².
Within FEIM's tracked universe of 13 assets, WU comes in at #5 by 3-year correlation. The last year tells two different stories: FEIM led by 102.8 percentage points, +97.0% for FEIM against -5.8% for WU. Risk is not evenly split, since FEIM carries 2.3 times the volatility of the other side.
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 WU: side by side
| FEIM (Frequency Electronics, Inc.) | WU (Western Union Company (The)) | |
|---|---|---|
| 1-year return | +97.0% | -5.8% |
| 5-year return | +639.1% | -49.2% |
| Volatility (ann.) | 70.8% | 31.1% |
| Beta vs S&P 500 | 1.11 | 0.48 |
| Max drawdown (3Y) | -33.0% | -43.2% |
| Market cap | $0.7B | $2.2B |
| P/E (trailing) | – | 5.9 |
| Dividend yield | 0.00% | 12.95% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FEIM | WU |
|---|---|---|
| 2022 | -29.4% | -17.9% |
| 2023 | +80.9% | -6.2% |
| 2024 | +83.2% | -3.8% |
| 2025 | +190.7% | -2.6% |
| 2026 | +18.7% | -18.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FEIM and WU good diversifiers for each other?
Reasonably. At 0.38, FEIM and WU keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FEIM and WU?
As of 2026-08-27, the correlation of weekly returns between FEIM and WU is 0.38 over 3 years, 0.54 over 1 year and 0.31 over 5 years.
Is WU a good diversifier for FEIM?
Reasonably. At 0.38, FEIM and WU keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 mean?
A reading of 0.38 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-wu.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/feim-vs-wu/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FEIM correlations · WU correlations
