CASY vs FCAP: Correlation
How closely do Casey's (CASY) and First Capital, Inc. (FCAP) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CASY and FCAP?
On 3 years of weekly data the CASY/FCAP correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.36) than the 3-year average (-0.24). The 5-year figure is -0.16, and annualized covariance runs at -274.1 %².
Among the 30 assets we track against CASY, FCAP sits near the bottom by co-movement, at rank #27. Neither side won the trailing year by much: +53.7% against +55.8%.
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.
CASY vs FCAP: side by side
| CASY (Casey's) | FCAP (First Capital, Inc.) | |
|---|---|---|
| 1-year return | +53.7% | +55.8% |
| 5-year return | +284.3% | +72.5% |
| Volatility (ann.) | 28.9% | 38.7% |
| Beta vs S&P 500 | 0.39 | 0.26 |
| Max drawdown (3Y) | -16.6% | -32.5% |
| Market cap | $28.2B | $0.2B |
| P/E (trailing) | 42.2 | 11.3 |
| Dividend yield | 0.28% | 2.02% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | CASY | FCAP |
|---|---|---|
| 2022 | +14.5% | -36.3% |
| 2023 | +23.3% | +16.5% |
| 2024 | +45.0% | +20.0% |
| 2025 | +40.1% | +88.4% |
| 2026 | +38.4% | +6.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CASY and FCAP good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CASY and FCAP?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.36 over the last year and -0.16 over 5 years.
Is FCAP a good diversifier for CASY?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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/casy-vs-fcap.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/casy-vs-fcap/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CASY correlations · FCAP correlations
