BTBD vs FSEA: Correlation
How closely do BT Brands, Inc. (BTBD) and First Seacoast Bancorp, Inc. (FSEA) trade together? Their weekly returns over three years give a correlation of -0.30, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BTBD and FSEA?
On 3 years of weekly data the BTBD/FSEA correlation comes out at -0.30, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.53) than the 3-year average (-0.30). The 5-year figure is -0.26, and annualized covariance runs at -815.4 %².
FSEA is close to the least connected end of BTBD's tracked universe, ranking #11 of 12. Their recent paths diverged sharply: over the last 12 months FSEA outperformed by 71.4 percentage points (-22.5% for BTBD against +48.9% for FSEA). Note the risk asymmetry: BTBD runs 2.5 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.
BTBD vs FSEA: side by side
| BTBD (BT Brands, Inc.) | FSEA (First Seacoast Bancorp, Inc.) | |
|---|---|---|
| 1-year return | -22.5% | +48.9% |
| 5-year return | -67.8% | +44.2% |
| Volatility (ann.) | 82.0% | 33.2% |
| Beta vs S&P 500 | 0.39 | 0.19 |
| Max drawdown (3Y) | -65.7% | -21.5% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BTBD | FSEA |
|---|---|---|
| 2022 | -38.1% | -10.5% |
| 2023 | +36.8% | -32.7% |
| 2024 | -42.4% | +30.6% |
| 2025 | -3.5% | +31.5% |
| 2026 | +2.1% | +29.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BTBD and FSEA good diversifiers for each other?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
FAQ
What is the correlation between BTBD and FSEA?
Using weekly returns as of 2026-08-27: -0.30 over 3 years, with -0.53 over the last year and -0.26 over 5 years.
Is FSEA a good diversifier for BTBD?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
What does a correlation of -0.30 mean?
On the −1 to +1 scale, -0.30 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/btbd-vs-fsea.json
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The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BTBD correlations · FSEA correlations
