ALTI vs FSBW: Correlation
AlTi Global, Inc. (ALTI) and FS Bancorp, Inc. (FSBW) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALTI and FSBW?
On 3 years of weekly data the ALTI/FSBW correlation comes out at 0.43, moderate. Recent behaviour matches the longer record: 0.41 over 1 year against 0.43 over 3. The 5-year figure is 0.17, and annualized covariance runs at 665.2 %².
FSBW is one of the assets that tracks ALTI most closely: it ranks #2 out of the 13 assets we track against ALTI. On 12-month performance FSBW holds a 11.8-point edge, -8.3% against +3.5%. One caveat on sizing: ALTI is 2.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ALTI vs FSBW: side by side
| ALTI (AlTi Global, Inc.) | FSBW (FS Bancorp, Inc.) | |
|---|---|---|
| 1-year return | -8.3% | +3.5% |
| 5-year return | -58.9% | +47.7% |
| Volatility (ann.) | 56.3% | 27.5% |
| Beta vs S&P 500 | 1.23 | 0.69 |
| Max drawdown (3Y) | -72.2% | -26.1% |
| Market cap | $0.6B | $0.3B |
| P/E (trailing) | – | 9.7 |
| Dividend yield | 0.00% | 2.69% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALTI | FSBW |
|---|---|---|
| 2022 | +10.4% | +2.4% |
| 2023 | -19.7% | +14.1% |
| 2024 | -49.7% | +14.3% |
| 2025 | +5.2% | +3.7% |
| 2026 | -14.7% | +5.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALTI and FSBW good diversifiers for each other?
Reasonably. At 0.43, ALTI and FSBW keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ALTI and FSBW?
As of 2026-08-27, the correlation of weekly returns between ALTI and FSBW is 0.43 over 3 years, 0.41 over 1 year and 0.17 over 5 years.
Is FSBW a good diversifier for ALTI?
Reasonably. At 0.43, ALTI and FSBW keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
A reading of 0.43 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ALTI correlations · FSBW correlations
