FLNC vs GIFT: Correlation
How closely do Fluence Energy, Inc. (FLNC) and Giftify, Inc. (GIFT) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLNC and GIFT?
Across a 3-year window, the weekly returns of FLNC and GIFT correlate at -0.26, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.35 lands near the 3-year figure. Stretching to 5 years gives -0.17, with an annualized covariance of -1971.0 %².
Out of 19 assets tracked against FLNC, GIFT lands near the bottom at #16. The last year tells two different stories: FLNC led by 77.0 percentage points, +57.0% for FLNC against -20.0% for GIFT. Risk is not evenly split, since FLNC carries 1.6 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.
FLNC vs GIFT: side by side
| FLNC (Fluence Energy, Inc.) | GIFT (Giftify, Inc.) | |
|---|---|---|
| 1-year return | +57.0% | -20.0% |
| 5-year return | -67.3% | -65.3% |
| Volatility (ann.) | 109.2% | 70.2% |
| Beta vs S&P 500 | 2.11 | 0.42 |
| Max drawdown (3Y) | -86.9% | -83.5% |
| Market cap | $2.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FLNC | GIFT |
|---|---|---|
| 2022 | -51.8% | +135.8% |
| 2023 | +39.1% | +182.7% |
| 2024 | -33.4% | -72.7% |
| 2025 | +24.6% | +0.9% |
| 2026 | -42.2% | -25.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLNC and GIFT good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between FLNC and GIFT?
The FLNC/GIFT correlation stands at -0.26 on a 3-year window (1 year: -0.35, 5 years: -0.17), computed from weekly returns as of 2026-08-27.
Is GIFT a good diversifier for FLNC?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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.
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Related comparisons
Hubs: FLNC correlations · GIFT correlations
