OSPN vs. FLNC
OSPN (OneSpan Inc.) and FLNC (Fluence Energy, Inc.) are both stocks. OSPN operates in Software - Infrastructure (Technology), while FLNC operates in Utilities - Renewable (Utilities). Over the past 3 years, OSPN returned 4.02%/yr vs -14.25%/yr for FLNC. At a 0.32 correlation, their price movements are largely independent.
Performance
OSPN vs. FLNC - Performance Comparison
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Returns By Period
In the year-to-date period, OSPN achieves a 20.90% return, which is significantly higher than FLNC's -18.30% return.
OSPN
- 1D
- -0.26%
- 1M
- 6.01%
- 6M
- 18.50%
- YTD
- 20.90%
- 1Y
- 0.26%
- 3Y*
- 4.02%
- 5Y*
- -8.90%
- 10Y*
- -0.30%
FLNC
- 1D
- -3.46%
- 1M
- -31.84%
- 6M
- -30.34%
- YTD
- -18.30%
- 1Y
- 97.80%
- 3Y*
- -14.25%
- 5Y*
- —
- 10Y*
- —
OSPN vs. FLNC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
OSPN OneSpan Inc. | 20.90% | -28.50% | 72.95% | -4.20% | -33.90% | -15.77% |
FLNC Fluence Energy, Inc. | -18.30% | 24.56% | -33.42% | 39.07% | -51.77% | 6.15% |
Correlation
The correlation between OSPN and FLNC is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2021 | 0.32 |
The correlation between OSPN and FLNC shifts across timeframes, from 0.18 (1 year) to 0.32 (all time), reflecting how their relationship changes across market environments.
Fundamentals
OSPN:
$562.40M
FLNC:
$2.98B
OSPN:
$1.82
FLNC:
-$0.28
OSPN:
2.37
FLNC:
0.93
OSPN:
2.12
FLNC:
5.80
OSPN:
$245.76M
FLNC:
$2.58B
OSPN:
$173.33M
FLNC:
$301.68M
OSPN:
$55.58M
FLNC:
$4.46M
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Return for Risk
OSPN vs. FLNC — Risk / Return Rank
OSPN
FLNC
OSPN vs. FLNC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for OneSpan Inc. (OSPN) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| OSPN | FLNC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.91 | ||
| Sortino ratioReturn per unit of downside risk | -1.84 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.23 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.27 | 1.41 | -1.68 |
| Martin ratioReturn relative to average drawdown | -0.47 | 2.68 | -3.15 |
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Drawdowns
OSPN vs. FLNC - Drawdown Comparison
The maximum OSPN drawdown since its inception was -95.31%, which is greater than FLNC's maximum drawdown of -90.40%. Use the drawdown chart below to compare losses from any high point for OSPN and FLNC.
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Drawdown Indicators
| OSPN | FLNC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.31% | -90.40% | -4.91% |
Max Drawdown (1Y)Largest decline over 1 year | -36.43% | -63.30% | +26.87% |
Max Drawdown (3Y)Largest decline over 3 years | -47.88% | -88.40% | +40.52% |
Max Drawdown (5Y)Largest decline over 5 years | -69.47% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -76.61% | — | — |
Current DrawdownCurrent decline from peak | -62.68% | -57.03% | -5.65% |
Average DrawdownAverage peak-to-trough decline | -62.11% | -53.60% | -8.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.60% | 33.13% | -7.53% |
Volatility
OSPN vs. FLNC - Volatility Comparison
The current volatility for OneSpan Inc. (OSPN) is 9.65%, while Fluence Energy, Inc. (FLNC) has a volatility of 30.82%. This indicates that OSPN 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
| OSPN | FLNC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.65% | 30.82% | -21.17% |
Volatility (6M)Calculated over the trailing 6-month period | 27.37% | 94.17% | -66.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.52% | 128.73% | -82.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.87% | 98.58% | -48.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.34% | 98.58% | -48.24% |
Dividends
OSPN vs. FLNC - Dividend Comparison
OSPN's dividend yield for the trailing twelve months is around 3.30%, while FLNC has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
FLNC Fluence Energy, Inc. | 0.00% | 0.00% |
OSPN OneSpan Inc. | 3.30% | 3.74% |
Financials
OSPN vs. FLNC - Financials Comparison
This section allows you to compare key financial metrics between OneSpan Inc. 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
OSPN vs. FLNC - Profitability Comparison
OSPN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, OneSpan Inc. reported a gross profit of 48.51M and revenue of 65.95M. Therefore, the gross margin over that period was 73.6%.
FLNC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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%.
OSPN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, OneSpan Inc. reported an operating income of 14.82M and revenue of 65.95M, resulting in an operating margin of 22.5%.
FLNC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Fluence Energy, Inc. reported an operating income of -34.94M and revenue of 464.89M, resulting in an operating margin of -7.5%.
OSPN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, OneSpan Inc. reported a net income of 11.57M and revenue of 65.95M, 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 Jul 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
OSPN and FLNC have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLNC has higher volatility (30.82%) compared to OSPN (9.65%). In terms of maximum drawdown, OSPN dropped -95.31% vs FLNC's -90.40%.
FLNC currently has the higher Sharpe Ratio (0.69 vs -0.21), 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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