FELE vs PCAR: Correlation
Measured on weekly returns over the past three years, Franklin Electric Co., Inc. (FELE) and Paccar (PCAR) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FELE and PCAR?
On 3 years of weekly data the FELE/PCAR correlation comes out at 0.55, moderate. The past 12 months show a weaker link (0.42) than the 3-year average (0.55). The 5-year figure is 0.57, and annualized covariance runs at 302.2 %².
By 3-year correlation, PCAR places #15 of the 25 assets tracked against FELE. Correlation aside, the last 12 months split them widely, with PCAR ahead by 24.0 points (+3.8% versus +27.8%).
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.
FELE vs PCAR: side by side
| FELE (Franklin Electric Co., Inc.) | PCAR (Paccar) | |
|---|---|---|
| 1-year return | +3.8% | +27.8% |
| 5-year return | +25.2% | +177.9% |
| Volatility (ann.) | 22.7% | 24.1% |
| Beta vs S&P 500 | 0.79 | 0.74 |
| Max drawdown (3Y) | -23.5% | -27.7% |
| Market cap | $4.5B | $66.6B |
| P/E (trailing) | 29.4 | 26.6 |
| Dividend yield | 1.06% | 1.04% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | FELE | PCAR |
|---|---|---|
| 2022 | -14.9% | +17.0% |
| 2023 | +22.4% | +55.0% |
| 2024 | +1.8% | +10.8% |
| 2025 | -0.9% | +8.0% |
| 2026 | +7.8% | +16.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FELE and PCAR good diversifiers for each other?
To a limited degree. At 0.55 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between FELE and PCAR?
The FELE/PCAR correlation stands at 0.55 on a 3-year window (1 year: 0.42, 5 years: 0.57), computed from weekly returns as of 2026-08-27.
Is PCAR a good diversifier for FELE?
To a limited degree. At 0.55 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.55 mean?
On the −1 to +1 scale, 0.55 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/fele-vs-pcar.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fele-vs-pcar/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FELE correlations · PCAR correlations
