FLNC vs SYNA: Correlation
Measured on weekly returns over the past three years, Fluence Energy, Inc. (FLNC) and Synaptics Incorporated (SYNA) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLNC and SYNA?
On 3 years of weekly data the FLNC/SYNA correlation comes out at 0.46, moderate. The relationship has been stable: the 1-year correlation (0.55) sits close to the 3-year figure. The 5-year figure is 0.43, and annualized covariance runs at 2472.5 %².
Among the 19 assets we track against FLNC, SYNA ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with FLNC ahead by 19.2 points (+57.0% versus +37.8%). Note the risk asymmetry: FLNC runs 2.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 SYNA: side by side
| FLNC (Fluence Energy, Inc.) | SYNA (Synaptics Incorporated) | |
|---|---|---|
| 1-year return | +57.0% | +37.8% |
| 5-year return | -67.3% | -48.2% |
| Volatility (ann.) | 109.2% | 49.6% |
| Beta vs S&P 500 | 2.11 | 2.15 |
| Max drawdown (3Y) | -86.9% | -64.2% |
| Market cap | $2.1B | $3.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FLNC | SYNA |
|---|---|---|
| 2022 | -51.8% | -67.1% |
| 2023 | +39.1% | +19.9% |
| 2024 | -33.4% | -33.1% |
| 2025 | +24.6% | -3.0% |
| 2026 | -42.2% | +31.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLNC and SYNA good diversifiers for each other?
Reasonably. At 0.46, FLNC and SYNA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FLNC and SYNA?
The FLNC/SYNA correlation stands at 0.46 on a 3-year window (1 year: 0.55, 5 years: 0.43), computed from weekly returns as of 2026-08-27.
Is SYNA a good diversifier for FLNC?
Reasonably. At 0.46, FLNC and SYNA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 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 · SYNA correlations
