FTLF vs WATT: Correlation
Measured on weekly returns over the past three years, FitLife Brands, Inc. (FTLF) and Energous Corporation (WATT) carry a correlation of -0.17, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FTLF and WATT?
Over the past 3 years, FTLF and WATT moved with a correlation of -0.17, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.33 versus -0.17 over 3 years. Over 5 years the correlation is -0.12, and the annualized covariance of weekly returns is -968.9 %².
WATT is close to the least connected end of FTLF's tracked universe, ranking #10 of 13. Their recent paths diverged sharply: over the last 12 months WATT outperformed by 92.7 percentage points (-46.1% for FTLF against +46.6% for WATT). Note the risk asymmetry: WATT runs 2.5 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.
FTLF vs WATT: side by side
| FTLF (FitLife Brands, Inc.) | WATT (Energous Corporation) | |
|---|---|---|
| 1-year return | -46.1% | +46.6% |
| 5-year return | +67.4% | -99.2% |
| Volatility (ann.) | 47.7% | 117.2% |
| Beta vs S&P 500 | 0.47 | 1.35 |
| Max drawdown (3Y) | -57.2% | -95.3% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | 16.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FTLF | WATT |
|---|---|---|
| 2022 | -0.3% | -33.1% |
| 2023 | +19.7% | -89.1% |
| 2024 | +70.7% | -44.8% |
| 2025 | -0.2% | -86.8% |
| 2026 | -37.9% | +196.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FTLF and WATT good diversifiers for each other?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FTLF and WATT?
As of 2026-08-27, the correlation of weekly returns between FTLF and WATT is -0.17 over 3 years, -0.33 over 1 year and -0.12 over 5 years.
Is WATT a good diversifier for FTLF?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.17 mean?
On the −1 to +1 scale, -0.17 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/ftlf-vs-watt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ftlf-vs-watt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FTLF correlations · WATT correlations
