TWST vs. FLNC

Last updated Jun 23, 2026

TWST (Twist Bioscience Corporation) and FLNC (Fluence Energy, Inc.) are both stocks. TWST operates in Diagnostics & Research (Healthcare), while FLNC operates in Utilities - Renewable (Utilities). Over the past 3 years, TWST returned 70.18%/yr vs 1.80%/yr for FLNC. At a 0.38 correlation, their price movements are largely independent.

Performance

TWST vs. FLNC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Twist Bioscience Corporation (TWST) and Fluence Energy, Inc. (FLNC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TWST achieves a 168.51% return, which is significantly higher than FLNC's 27.35% return.

TWST

• 1D: -2.73%
• 1M: 40.61%
• YTD: 168.51%
• 6M: 142.93%
• 1Y: 145.87%
• 3Y*: 70.18%
• 5Y*: -6.65%
• 10Y*: —

FLNC

• 1D: 1.57%
• 1M: 17.22%
• YTD: 27.35%
• 6M: 23.18%
• 1Y: 332.08%
• 3Y*: 1.80%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TWST vs. FLNC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
TWST Twist Bioscience Corporation	168.51%	-31.74%	26.07%	54.81%	-69.23%	-32.26%
FLNC Fluence Energy, Inc.	27.35%	24.56%	-33.42%	39.07%	-51.77%	6.15%

Correlation

The correlation between TWST and FLNC is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (All Time) Calculated using the full available price history since Oct 28, 2021	0.38

Fundamentals

Market Cap TWST : $5.26B FLNC : $3.33B
EPS TWST : -$1.33 FLNC : -$0.26
PS Ratio TWST : 12.71 FLNC : 1.54
PB Ratio TWST : 11.55 FLNC : 9.03
Total Revenue (TTM) TWST : $409.48M FLNC : $2.58B
Gross Profit (TTM) TWST : $213.23M FLNC : $301.68M
EBITDA (TTM) TWST : -$58.23M FLNC : $4.46M

Return for Risk

TWST vs. FLNC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TWST

TWST Risk / Return Rank: 86
TWST Sharpe Ratio Rank: 90
TWST Sortino Ratio Rank: 86
TWST Omega Ratio Rank: 82
TWST Calmar Ratio Rank: 88
TWST Martin Ratio Rank: 84

FLNC

FLNC Risk / Return Rank: 91
FLNC Sharpe Ratio Rank: 93
FLNC Sortino Ratio Rank: 90
FLNC Omega Ratio Rank: 89
FLNC Calmar Ratio Rank: 93
FLNC Martin Ratio Rank: 89

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TWST vs. FLNC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Twist Bioscience Corporation (TWST) 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.

	TWST	FLNC	Difference
Sharpe ratio: Return per unit of total volatility	2.20	2.62	-0.43
Sortino ratio: Return per unit of downside risk	2.74	3.07	-0.33
Omega ratio: Gain probability vs. loss probability	1.31	1.39	-0.08
Calmar ratio: Return relative to maximum drawdown	3.84	5.29	-1.45
Martin ratio: Return relative to average drawdown	8.14	10.57	-2.43

TWST vs. FLNC - Sharpe Ratio Comparison

The current TWST Sharpe Ratio is 2.20, which is comparable to the FLNC Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of TWST and FLNC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TWST vs. FLNC - Drawdown Comparison

The maximum TWST drawdown since its inception was -94.48%, roughly equal to the maximum FLNC drawdown of -90.40%. Use the drawdown chart below to compare losses from any high point for TWST and FLNC.

Drawdown Indicators

	TWST	FLNC	Difference
Max Drawdown Largest peak-to-trough decline	-94.48%	-90.40%	-4.08%
Max Drawdown (1Y) Largest decline over 1 year	-38.24%	-63.30%	+25.06%
Max Drawdown (3Y) Largest decline over 3 years	-58.97%	-88.40%	+29.43%
Max Drawdown (5Y) Largest decline over 5 years	-91.54%	—	—
Current Drawdown Current decline from peak	-59.05%	-33.02%	-26.03%
Average Drawdown Average peak-to-trough decline	-58.15%	-53.62%	-4.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.99%	31.60%	-13.61%

Volatility

TWST vs. FLNC - Volatility Comparison

The current volatility for Twist Bioscience Corporation (TWST) is 19.89%, while Fluence Energy, Inc. (FLNC) has a volatility of 49.21%. This indicates that TWST 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.

Volatility by Period

	TWST	FLNC	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.89%	49.21%	-29.32%
Volatility (6M) Calculated over the trailing 6-month period	48.60%	92.07%	-43.47%
Volatility (1Y) Calculated over the trailing 1-year period	66.98%	127.79%	-60.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	75.93%	98.39%	-22.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	78.40%	98.39%	-19.99%

Dividends

TWST vs. FLNC - Dividend Comparison

Neither TWST nor FLNC has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

TWST vs. FLNC - Profitability Comparison

The chart below illustrates the profitability comparison between Twist Bioscience Corporation and Fluence Energy, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

TWST - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Twist Bioscience Corporation reported a gross profit of 57.12M and revenue of 110.72M. Therefore, the gross margin over that period was 51.6%.

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%.

TWST - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Twist Bioscience Corporation reported an operating income of -45.86M and revenue of 110.72M, resulting in an operating margin of -41.4%.

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%.

TWST - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Twist Bioscience Corporation reported a net income of -44.02M and revenue of 110.72M, resulting in a net margin of -39.8%.

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

Can I hold both TWST and FLNC in my portfolio?

TWST and FLNC have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TWST or FLNC?

FLNC has higher volatility (49.21%) compared to TWST (19.89%). In terms of maximum drawdown, TWST dropped -94.48% vs FLNC's -90.40%.

Which has better risk-adjusted returns?

FLNC currently has the higher Sharpe Ratio (2.62 vs 2.20), 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.