FLGT vs WLDN: Correlation
Fulgent Genetics, Inc. (FLGT) and Willdan Group, Inc. (WLDN) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLGT and WLDN?
Across a 3-year window, the weekly returns of FLGT and WLDN correlate at 0.49, moderate. Recent behaviour matches the longer record: 0.59 over 1 year against 0.49 over 3. Stretching to 5 years gives 0.40, with an annualized covariance of 1195.0 %².
In FLGT's tracked universe of 11 assets, WLDN sits right near the top at #1. Their recent paths diverged sharply: over the last 12 months FLGT outperformed by 16.6 percentage points (-7.8% for FLGT against -24.4% for WLDN).
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.
FLGT vs WLDN: side by side
| FLGT (Fulgent Genetics, Inc.) | WLDN (Willdan Group, Inc.) | |
|---|---|---|
| 1-year return | -7.8% | -24.4% |
| 5-year return | -78.2% | +134.3% |
| Volatility (ann.) | 46.5% | 52.6% |
| Beta vs S&P 500 | 0.55 | 0.98 |
| Max drawdown (3Y) | -59.2% | -50.4% |
| Market cap | $0.5B | $1.3B |
| P/E (trailing) | – | 20.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FLGT | WLDN |
|---|---|---|
| 2022 | -70.4% | -49.3% |
| 2023 | -2.9% | +20.4% |
| 2024 | -36.1% | +77.2% |
| 2025 | +42.2% | +172.1% |
| 2026 | -24.1% | -15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLGT and WLDN good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FLGT and WLDN?
The FLGT/WLDN correlation stands at 0.49 on a 3-year window (1 year: 0.59, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is WLDN a good diversifier for FLGT?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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/flgt-vs-wldn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/flgt-vs-wldn/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FLGT correlations · WLDN correlations
