CSAN vs. FLNC
CSAN (Cosan S.A.) and FLNC (Fluence Energy, Inc.) are both stocks. CSAN operates in Oil & Gas Refining & Marketing (Energy), while FLNC operates in Utilities - Renewable (Utilities). Over the past 3 years, CSAN returned -37.94%/yr vs 5.80%/yr for FLNC. At a 0.25 correlation, their price movements are largely independent.
Performance
CSAN vs. FLNC - Performance Comparison
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Returns By Period
In the year-to-date period, CSAN achieves a -22.28% return, which is significantly lower than FLNC's 41.10% return.
CSAN
- 1D
- 0.33%
- 1M
- -23.82%
- YTD
- -22.28%
- 6M
- -42.51%
- 1Y
- -45.76%
- 3Y*
- -37.94%
- 5Y*
- -28.76%
- 10Y*
- —
FLNC
- 1D
- 2.80%
- 1M
- 128.96%
- YTD
- 41.10%
- 6M
- 39.83%
- 1Y
- 528.60%
- 3Y*
- 5.80%
- 5Y*
- —
- 10Y*
- —
CSAN vs. FLNC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CSAN Cosan S.A. | -22.28% | -27.39% | -64.00% | 23.17% | -14.64% | 11.85% |
FLNC Fluence Energy, Inc. | 41.10% | 24.56% | -33.42% | 39.07% | -51.77% | 1.60% |
Correlation
The correlation between CSAN and FLNC is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2021 | 0.25 |
Fundamentals
CSAN:
$3.01B
FLNC:
$3.68B
CSAN:
-$10.39
FLNC:
-$0.26
CSAN:
0.07
FLNC:
1.71
CSAN:
0.87
FLNC:
10.01
CSAN:
$39.62B
FLNC:
$2.58B
CSAN:
$13.32B
FLNC:
$301.68M
CSAN:
$4.37B
FLNC:
$4.46M
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Return for Risk
CSAN vs. FLNC — Risk / Return Rank
CSAN
FLNC
CSAN vs. FLNC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cosan S.A. (CSAN) and Fluence Energy, Inc. (FLNC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| CSAN | FLNC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.82 | 4.25 | -5.06 |
Sortino ratioReturn per unit of downside risk | -1.07 | 3.70 | -4.77 |
Omega ratioGain probability vs. loss probability | 0.88 | 1.48 | -0.61 |
Calmar ratioReturn relative to maximum drawdown | -0.92 | 7.80 | -8.72 |
Martin ratioReturn relative to average drawdown | -1.65 | 15.90 | -17.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CSAN | FLNC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.82 | 4.25 | -5.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.62 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.54 | -0.05 | -0.49 |
Drawdowns
CSAN vs. FLNC - Drawdown Comparison
The maximum CSAN drawdown since its inception was -84.18%, smaller than the maximum FLNC drawdown of -90.40%. Use the drawdown chart below to compare losses from any high point for CSAN and FLNC.
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Drawdown Indicators
| CSAN | FLNC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.18% | -90.40% | +6.22% |
Max Drawdown (1Y)Largest decline over 1 year | -51.30% | -63.30% | +12.00% |
Max Drawdown (3Y)Largest decline over 3 years | -81.91% | -88.40% | +6.49% |
Max Drawdown (5Y)Largest decline over 5 years | -84.18% | — | — |
Current DrawdownCurrent decline from peak | -83.81% | -25.79% | -58.02% |
Average DrawdownAverage peak-to-trough decline | -41.85% | -53.87% | +12.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.78% | 31.07% | -2.29% |
Volatility
CSAN vs. FLNC - Volatility Comparison
The current volatility for Cosan S.A. (CSAN) is 17.45%, while Fluence Energy, Inc. (FLNC) has a volatility of 60.59%. This indicates that CSAN experiences smaller price fluctuations and is considered to be less risky than FLNC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSAN | FLNC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.45% | 60.59% | -43.14% |
Volatility (6M)Calculated over the trailing 6-month period | 39.75% | 92.21% | -52.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.23% | 125.74% | -69.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.58% | 98.14% | -51.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.49% | 98.14% | -51.65% |
Dividends
CSAN vs. FLNC - Dividend Comparison
Neither CSAN nor FLNC has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
CSAN Cosan S.A. | 0.00% | 0.00% | 6.38% | 2.20% | 2.64% | 2.90% |
FLNC Fluence Energy, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
CSAN vs. FLNC - Financials Comparison
This section allows you to compare key financial metrics between Cosan S.A. and Fluence Energy, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
CSAN vs. FLNC - Profitability Comparison
CSAN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cosan S.A. reported a gross profit of 3.02B and revenue of 8.86B. Therefore, the gross margin over that period was 34.1%.
FLNC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Fluence Energy, Inc. reported a gross profit of 46.63M and revenue of 464.89M. Therefore, the gross margin over that period was 10.0%.
CSAN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cosan S.A. reported an operating income of 1.96B and revenue of 8.86B, resulting in an operating margin of 22.2%.
FLNC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Fluence Energy, Inc. reported an operating income of -34.94M and revenue of 464.89M, resulting in an operating margin of -7.5%.
CSAN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cosan S.A. reported a net income of -1.55B and revenue of 8.86B, resulting in a net margin of -17.5%.
FLNC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Fluence Energy, Inc. reported a net income of -20.93M and revenue of 464.89M, resulting in a net margin of -4.5%.
Frequently Asked Questions
CSAN and FLNC have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLNC has higher volatility (60.59%) compared to CSAN (17.45%). In terms of maximum drawdown, CSAN dropped -84.18% vs FLNC's -90.40%.
FLNC currently has the higher Sharpe Ratio (4.25 vs -0.82), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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