FELE vs SXI: Correlation
How closely do Franklin Electric Co., Inc. (FELE) and Standex International Corporation (SXI) trade together? Their weekly returns over three years give a correlation of 0.65, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FELE and SXI?
Across a 3-year window, the weekly returns of FELE and SXI correlate at 0.65, strong. Little has changed lately, as the 1-year reading of 0.57 lands near the 3-year figure. Stretching to 5 years gives 0.62, with an annualized covariance of 488.3 %².
Among the 25 assets we track against FELE, SXI ranks #7 by 3-year correlation. The last year tells two different stories: SXI led by 40.7 percentage points, +3.8% for FELE against +44.5% for SXI.
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 SXI: side by side
| FELE (Franklin Electric Co., Inc.) | SXI (Standex International Corporation) | |
|---|---|---|
| 1-year return | +3.8% | +44.5% |
| 5-year return | +25.2% | +218.6% |
| Volatility (ann.) | 22.7% | 33.0% |
| Beta vs S&P 500 | 0.79 | 1.04 |
| Max drawdown (3Y) | -23.5% | -38.0% |
| Market cap | $4.5B | $3.7B |
| P/E (trailing) | 29.4 | 35.2 |
| Dividend yield | 1.06% | 0.44% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FELE | SXI |
|---|---|---|
| 2022 | -14.9% | -6.5% |
| 2023 | +22.4% | +56.0% |
| 2024 | +1.8% | +18.9% |
| 2025 | -0.9% | +17.0% |
| 2026 | +7.8% | +40.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FELE and SXI good diversifiers for each other?
To a limited degree. At 0.65 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 SXI?
The FELE/SXI correlation stands at 0.65 on a 3-year window (1 year: 0.57, 5 years: 0.62), computed from weekly returns as of 2026-08-27.
Is SXI a good diversifier for FELE?
To a limited degree. At 0.65 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 0.65 mean?
On the −1 to +1 scale, 0.65 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-sxi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fele-vs-sxi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FELE correlations · SXI correlations
