CLST vs FHI: Correlation
Catalyst Bancorp, Inc. (CLST) and Federated Hermes, Inc. (FHI) show a moderate relationship: their 3-year correlation of weekly returns is 0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLST and FHI?
On 3 years of weekly data the CLST/FHI correlation comes out at 0.30, moderate. The relationship has been stable: the 1-year correlation (0.29) sits close to the 3-year figure. The 5-year figure is 0.12, and annualized covariance runs at 75.2 %².
FHI is one of the assets that tracks CLST most closely: it ranks #2 out of the 12 assets we track against CLST. The trailing year gives CLST the advantage: +35.9% versus +23.1%, a 12.8-point spread.
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.
CLST vs FHI: side by side
| CLST (Catalyst Bancorp, Inc.) | FHI (Federated Hermes, Inc.) | |
|---|---|---|
| 1-year return | +35.9% | +23.1% |
| 5-year return | +28.2% | +131.6% |
| Volatility (ann.) | 13.2% | 19.0% |
| Beta vs S&P 500 | 0.08 | 0.54 |
| Max drawdown (3Y) | -12.7% | -16.6% |
| Market cap | $0.1B | $4.8B |
| P/E (trailing) | 31.1 | 12.1 |
| Dividend yield | 0.00% | 2.15% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLST | FHI |
|---|---|---|
| 2022 | -7.1% | -0.2% |
| 2023 | -14.6% | -3.8% |
| 2024 | +8.6% | +29.6% |
| 2025 | +33.8% | +30.5% |
| 2026 | +10.4% | +27.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLST and FHI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CLST and FHI?
The CLST/FHI correlation stands at 0.30 on a 3-year window (1 year: 0.29, 5 years: 0.12), computed from weekly returns as of 2026-08-27.
Is FHI a good diversifier for CLST?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
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/clst-vs-fhi.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/clst-vs-fhi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CLST correlations · FHI correlations
