FLXS vs SLAB: Correlation
How closely do Flexsteel Industries, Inc. (FLXS) and Silicon Laboratories, Inc. (SLAB) trade together? Their weekly returns over three years give a correlation of 0.48, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLXS and SLAB?
Over the past 3 years, FLXS and SLAB moved with a correlation of 0.48, which is moderate. The link has tightened recently: the 1-year correlation (0.69) runs above the 3-year figure (0.48). Over 5 years the correlation is 0.41, and the annualized covariance of weekly returns is 1382.1 %².
In FLXS's tracked universe of 13 assets, SLAB sits right near the top at #1. Their recent paths diverged sharply: over the last 12 months FLXS outperformed by 26.2 percentage points (+83.0% for FLXS against +56.8% for SLAB).
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.
FLXS vs SLAB: side by side
| FLXS (Flexsteel Industries, Inc.) | SLAB (Silicon Laboratories, Inc.) | |
|---|---|---|
| 1-year return | +83.0% | +56.8% |
| 5-year return | +162.8% | +36.7% |
| Volatility (ann.) | 58.9% | 48.6% |
| Beta vs S&P 500 | 0.68 | 1.40 |
| Max drawdown (3Y) | -54.1% | -45.7% |
| Market cap | $0.3B | $7.3B |
| P/E (trailing) | 13.4 | – |
| Dividend yield | 1.04% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FLXS | SLAB |
|---|---|---|
| 2022 | -40.7% | -34.3% |
| 2023 | +26.1% | -2.5% |
| 2024 | +192.9% | -6.1% |
| 2025 | -25.9% | +5.2% |
| 2026 | +109.7% | +67.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLXS and SLAB good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FLXS and SLAB?
As of 2026-08-27, the correlation of weekly returns between FLXS and SLAB is 0.48 over 3 years, 0.69 over 1 year and 0.41 over 5 years.
Is SLAB a good diversifier for FLXS?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/flxs-vs-slab.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/flxs-vs-slab/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FLXS correlations · SLAB correlations
