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SHLS correlations (Shoals Technologies Group, Inc.)

SHLS measured against 4756 US stocks and ETFs: closest co-movers on one side, the best offsets on the other, all from weekly returns.

Data as of 2026-08-27 · refreshed every trading day · US Listed

Volatility (ann.)
75.0%
3y weekly
Beta vs S&P 500
1.02
3y weekly
1-year return
+14.2%
price, adjusted
5-year return
-76.8%
price, adjusted
Market cap
$1.2B
latest
P/E ratio
39.1
trailing
Max drawdown
-87.3%
3y, daily closes
-20%0%+74%2025-09-052026-08-27
SHLS over the last 12 months, weekly closes indexed to 100 at the start.

Stocks and ETFs most correlated with SHLS

AssetCorrelation (3Y)
ARRYArray Technologies, Inc.0.62
TANInvesco Solar ETF0.61
NXTNextpower Inc.0.60
RUNSunrun Inc.0.54
ICLNiShares Global Clean Energy ETF0.53

Best diversifiers for SHLS

If the goal is offsetting SHLS, these tracked assets have historically moved the most on their own terms.

AssetCorrelation (3Y)
IBACIB Acquisition Corp.-0.28
BWINThe Baldwin Insurance Group, Inc.-0.25
XWELXWELL, Inc.-0.25

SHLS vs benchmarks

SHLS vs SPY 0.20 SHLS vs QQQ 0.19

Get SHLS data as JSON

Free API · no key required
$ curl https://www.pairbook.io/api/v1/symbols/shls.json

Correlations, diversifiers, beta and volatility for SHLS, plus one endpoint per pair. API documentation.

SHLS inside major ETFs

ETFSHLS weight
ICLNiShares Global Clean Energy ETF1.14%