STEM vs. FLNC
STEM (Stem, Inc.) and FLNC (Fluence Energy, Inc.) are both stocks. STEM operates in Software - Infrastructure (Technology), while FLNC operates in Utilities - Renewable (Utilities). Over the past 3 years, STEM returned -56.34%/yr vs 1.78%/yr for FLNC. A 0.55 correlation means they provide meaningful diversification when combined.
Performance
STEM vs. FLNC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, STEM achieves a -39.93% return, which is significantly lower than FLNC's 25.63% return.
STEM
- 1D
- -9.78%
- 1M
- -10.76%
- YTD
- -39.93%
- 6M
- -47.56%
- 1Y
- -10.39%
- 3Y*
- -56.34%
- 5Y*
- -57.40%
- 10Y*
- —
FLNC
- 1D
- -10.96%
- 1M
- 101.54%
- YTD
- 25.63%
- 6M
- 25.19%
- 1Y
- 420.96%
- 3Y*
- 1.78%
- 5Y*
- —
- 10Y*
- —
STEM vs. FLNC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
STEM Stem, Inc. | -39.93% | 24.79% | -84.46% | -56.60% | -52.87% | -17.63% |
FLNC Fluence Energy, Inc. | 25.63% | 24.56% | -33.42% | 39.07% | -51.77% | 1.60% |
Correlation
The correlation between STEM and FLNC is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2021 | 0.55 |
The correlation between STEM and FLNC shifts across timeframes, from 0.43 (1 year) to 0.55 (all time), reflecting how their relationship changes across market environments.
Fundamentals
STEM:
$76.99M
FLNC:
$3.28B
STEM:
$16.99
FLNC:
-$0.26
STEM:
0.50
FLNC:
1.52
STEM:
$152.75M
FLNC:
$2.58B
STEM:
$55.48M
FLNC:
$301.68M
STEM:
$200.63M
FLNC:
$4.46M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
STEM vs. FLNC — Risk / Return Rank
STEM
FLNC
STEM vs. FLNC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Stem, Inc. (STEM) 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.
| STEM | FLNC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.45 | ||
| Sortino ratioReturn per unit of downside risk | -2.60 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.44 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.14 | 6.71 | -6.85 |
| Martin ratioReturn relative to average drawdown | -0.23 | 13.62 | -13.85 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| STEM | FLNC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.09 | 3.37 | -3.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.50 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.36 | -0.07 | -0.28 |
Drawdowns
STEM vs. FLNC - Drawdown Comparison
The maximum STEM drawdown since its inception was -99.41%, which is greater than FLNC's maximum drawdown of -90.40%. Use the drawdown chart below to compare losses from any high point for STEM and FLNC.
Loading charts...
Drawdown Indicators
| STEM | FLNC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.41% | -90.40% | -9.01% |
Max Drawdown (1Y)Largest decline over 1 year | -72.31% | -63.30% | -9.01% |
Max Drawdown (3Y)Largest decline over 3 years | -95.98% | -88.40% | -7.58% |
Max Drawdown (5Y)Largest decline over 5 years | -99.20% | — | — |
Current DrawdownCurrent decline from peak | -99.10% | -33.93% | -65.17% |
Average DrawdownAverage peak-to-trough decline | -79.12% | -53.85% | -25.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.79% | 31.10% | +14.69% |
Volatility
STEM vs. FLNC - Volatility Comparison
The current volatility for Stem, Inc. (STEM) is 30.04%, while Fluence Energy, Inc. (FLNC) has a volatility of 62.52%. This indicates that STEM 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.
Loading charts...
Volatility by Period
| STEM | FLNC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 30.04% | 62.52% | -32.48% |
Volatility (6M)Calculated over the trailing 6-month period | 63.04% | 92.96% | -29.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 121.65% | 126.14% | -4.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 114.11% | 98.23% | +15.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 117.40% | 98.23% | +19.17% |
Dividends
STEM vs. FLNC - Dividend Comparison
Neither STEM nor FLNC has paid dividends to shareholders.
Financials
STEM vs. FLNC - Financials Comparison
This section allows you to compare key financial metrics between Stem, 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
STEM vs. FLNC - Profitability Comparison
STEM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Stem, Inc. reported a gross profit of 10.86M and revenue of 29.00M. Therefore, the gross margin over that period was 37.4%.
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%.
STEM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Stem, Inc. reported an operating income of -14.21M and revenue of 29.00M, resulting in an operating margin of -49.0%.
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%.
STEM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Stem, Inc. reported a net income of -18.93M and revenue of 29.00M, resulting in a net margin of -65.3%.
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
STEM and FLNC have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLNC has higher volatility (62.52%) compared to STEM (30.04%). In terms of maximum drawdown, STEM dropped -99.41% vs FLNC's -90.40%.
FLNC currently has the higher Sharpe Ratio (3.37 vs -0.09), 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.
Find the right allocation for STEM and FLNC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer