CHTR vs FBIZ: Correlation
Charter Communications (CHTR) and First Business Financial Services, Inc. (FBIZ) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHTR and FBIZ?
Over the past 3 years, CHTR and FBIZ moved with a correlation of 0.46, which is moderate. Little has changed lately, as the 1-year reading of 0.42 lands near the 3-year figure. Over 5 years the correlation is 0.36, and the annualized covariance of weekly returns is 575.9 %².
Within CHTR's tracked universe of 35 assets, FBIZ comes in at #12 by 3-year correlation. The last year tells two different stories: FBIZ led by 82.9 percentage points, -44.9% for CHTR against +38.0% for FBIZ.
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.
CHTR vs FBIZ: side by side
| CHTR (Charter Communications) | FBIZ (First Business Financial Services, Inc.) | |
|---|---|---|
| 1-year return | -44.9% | +38.0% |
| 5-year return | -81.8% | +187.1% |
| Volatility (ann.) | 41.3% | 30.0% |
| Beta vs S&P 500 | 0.74 | 0.79 |
| Max drawdown (3Y) | -72.9% | -20.8% |
| Market cap | $20.0B | $0.6B |
| P/E (trailing) | 4.0 | 10.6 |
| Dividend yield | 0.00% | 1.80% |
| Sector / category | Communication Services | US Listed |
Year-by-year returns
| Year | CHTR | FBIZ |
|---|---|---|
| 2022 | -48.0% | +28.2% |
| 2023 | +14.6% | +12.9% |
| 2024 | -11.8% | +18.4% |
| 2025 | -39.1% | +20.1% |
| 2026 | -28.9% | +32.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHTR and FBIZ good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CHTR and FBIZ?
As of 2026-08-27, the correlation of weekly returns between CHTR and FBIZ is 0.46 over 3 years, 0.42 over 1 year and 0.36 over 5 years.
Is FBIZ a good diversifier for CHTR?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 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/chtr-vs-fbiz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/chtr-vs-fbiz/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CHTR correlations · FBIZ correlations
