FGI vs SLNG: Correlation
How closely do FGI Industries Ltd. (FGI) and Stabilis Solutions, Inc. (SLNG) trade together? Their weekly returns over three years give a correlation of 0.30, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FGI and SLNG?
Across a 3-year window, the weekly returns of FGI and SLNG correlate at 0.30, moderate. The relationship has been stable: the 1-year correlation (0.39) sits close to the 3-year figure. Stretching to 5 years gives 0.22, with an annualized covariance of 2828.5 %².
Within FGI's tracked universe of 13 assets, SLNG comes in at #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months FGI outperformed by 31.5 percentage points (+75.0% for FGI against +43.5% for SLNG). Risk is not evenly split, since FGI carries 1.9 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.
FGI vs SLNG: side by side
| FGI (FGI Industries Ltd.) | SLNG (Stabilis Solutions, Inc.) | |
|---|---|---|
| 1-year return | +75.0% | +43.5% |
| 5-year return | -61.6% | -16.1% |
| Volatility (ann.) | 133.7% | 69.9% |
| Beta vs S&P 500 | 1.29 | 0.39 |
| Max drawdown (3Y) | -72.6% | -58.7% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FGI | SLNG |
|---|---|---|
| 2022 | – | +25.8% |
| 2023 | -23.7% | -22.0% |
| 2024 | -52.7% | +28.9% |
| 2025 | +47.1% | -15.0% |
| 2026 | +31.4% | +28.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FGI and SLNG good diversifiers for each other?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FGI and SLNG?
As of 2026-08-27, the correlation of weekly returns between FGI and SLNG is 0.30 over 3 years, 0.39 over 1 year and 0.22 over 5 years.
Is SLNG a good diversifier for FGI?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.30 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.
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Related comparisons
Hubs: FGI correlations · SLNG correlations
