BANX vs FLD: Correlation
Measured on weekly returns over the past three years, ArrowMark Financial Corp. - Closed End Fund (BANX) and Fold Holdings, Inc. (FLD) carry a correlation of 0.32, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BANX and FLD?
Over the past 3 years, BANX and FLD moved with a correlation of 0.32, which is moderate. Recent behaviour matches the longer record: 0.39 over 1 year against 0.32 over 3. Over 5 years the correlation is 0.19, and the annualized covariance of weekly returns is 372.9 %².
By 3-year correlation, FLD places #7 of the 12 assets tracked against BANX. Correlation aside, the last 12 months split them widely, with BANX ahead by 96.6 points (+13.0% versus -83.6%). Note the risk asymmetry: FLD runs 5.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
BANX vs FLD: side by side
| BANX (ArrowMark Financial Corp. - Closed End Fund) | FLD (Fold Holdings, Inc.) | |
|---|---|---|
| 1-year return | +13.0% | -83.6% |
| 5-year return | +58.6% | -93.7% |
| Volatility (ann.) | 14.7% | 78.8% |
| Beta vs S&P 500 | 0.32 | 0.49 |
| Max drawdown (3Y) | -13.7% | -96.7% |
| Market cap | $0.2B | – |
| P/E (trailing) | 8.4 | – |
| Dividend yield | 8.75% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BANX | FLD |
|---|---|---|
| 2022 | -15.3% | – |
| 2023 | +20.4% | +5.3% |
| 2024 | +27.7% | +5.2% |
| 2025 | +15.6% | -76.5% |
| 2026 | +0.9% | -76.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BANX and FLD good diversifiers for each other?
Reasonably. At 0.32, BANX and FLD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BANX and FLD?
Using weekly returns as of 2026-08-27: 0.32 over 3 years, with 0.39 over the last year and 0.19 over 5 years.
Is FLD a good diversifier for BANX?
Reasonably. At 0.32, BANX and FLD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.32 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/banx-vs-fld.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/banx-vs-fld/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BANX correlations · FLD correlations
