FLXS vs WTFC: Correlation
Flexsteel Industries, Inc. (FLXS) and Wintrust Financial Corporation (WTFC) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLXS and WTFC?
Over the past 3 years, FLXS and WTFC moved with a correlation of 0.44, which is moderate. Little has changed lately, as the 1-year reading of 0.48 lands near the 3-year figure. Over 5 years the correlation is 0.34, and the annualized covariance of weekly returns is 719.7 %².
Within FLXS's tracked universe of 13 assets, WTFC comes in at #4 by 3-year correlation. The last year tells two different stories: FLXS led by 70.3 percentage points, +83.0% for FLXS against +12.7% for WTFC. Risk is not evenly split, since FLXS carries 2.1 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.
FLXS vs WTFC: side by side
| FLXS (Flexsteel Industries, Inc.) | WTFC (Wintrust Financial Corporation) | |
|---|---|---|
| 1-year return | +83.0% | +12.7% |
| 5-year return | +162.8% | +127.7% |
| Volatility (ann.) | 58.9% | 27.6% |
| Beta vs S&P 500 | 0.68 | 1.06 |
| Max drawdown (3Y) | -54.1% | -31.0% |
| Market cap | $0.3B | $10.3B |
| P/E (trailing) | 13.4 | 12.3 |
| Dividend yield | 1.04% | 1.37% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FLXS | WTFC |
|---|---|---|
| 2022 | -40.7% | -5.5% |
| 2023 | +26.1% | +12.0% |
| 2024 | +192.9% | +36.8% |
| 2025 | -25.9% | +13.9% |
| 2026 | +109.7% | +10.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLXS and WTFC good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FLXS and WTFC?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.48 over the last year and 0.34 over 5 years.
Is WTFC a good diversifier for FLXS?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 mean?
A reading of 0.44 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: FLXS correlations · WTFC correlations
