CASY vs FF: Correlation
Measured on weekly returns over the past three years, Casey's (CASY) and FutureFuel Corp. (FF) 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 CASY and FF?
On 3 years of weekly data the CASY/FF correlation comes out at 0.32, moderate. Recent behaviour matches the longer record: 0.30 over 1 year against 0.32 over 3. The 5-year figure is 0.26, and annualized covariance runs at 449.0 %².
Among the 30 assets we track against CASY, FF ranks #11 by 3-year correlation. The last year tells two different stories: CASY led by 15.3 percentage points, +53.7% for CASY against +38.4% for FF. One caveat on sizing: FF is 1.7 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.
CASY vs FF: side by side
| CASY (Casey's) | FF (FutureFuel Corp.) | |
|---|---|---|
| 1-year return | +53.7% | +38.4% |
| 5-year return | +284.3% | +11.5% |
| Volatility (ann.) | 28.9% | 48.8% |
| Beta vs S&P 500 | 0.39 | 0.88 |
| Max drawdown (3Y) | -16.6% | -47.9% |
| Market cap | $28.2B | $0.2B |
| P/E (trailing) | 42.2 | – |
| Dividend yield | 0.28% | 3.58% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | CASY | FF |
|---|---|---|
| 2022 | +14.5% | +9.9% |
| 2023 | +23.3% | -22.8% |
| 2024 | +45.0% | +31.0% |
| 2025 | +40.1% | -35.8% |
| 2026 | +38.4% | +65.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CASY and FF good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CASY and FF?
Using weekly returns as of 2026-08-27: 0.32 over 3 years, with 0.30 over the last year and 0.26 over 5 years.
Is FF a good diversifier for CASY?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.32 mean?
On the −1 to +1 scale, 0.32 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-ff.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/casy-vs-ff/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CASY correlations · FF correlations
