COR vs FSEA: Correlation
How closely do Cencora (COR) and First Seacoast Bancorp, Inc. (FSEA) trade together? Their weekly returns over three years give a correlation of -0.37, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COR and FSEA?
Across a 3-year window, the weekly returns of COR and FSEA correlate at -0.37, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.51 versus -0.37 over 3 years. Stretching to 5 years gives -0.24, with an annualized covariance of -269.1 %².
Among the 43 assets we track against COR, FSEA sits near the bottom by co-movement, at rank #43. Their recent paths diverged sharply: over the last 12 months FSEA outperformed by 37.5 percentage points (+11.4% for COR against +48.9% for FSEA). Note the risk asymmetry: FSEA runs 1.5 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.
COR vs FSEA: side by side
| COR (Cencora) | FSEA (First Seacoast Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +11.4% | +48.9% |
| 5-year return | +188.6% | +44.2% |
| Volatility (ann.) | 21.9% | 33.2% |
| Beta vs S&P 500 | 0.08 | 0.19 |
| Max drawdown (3Y) | -32.4% | -21.5% |
| Market cap | $61.3B | $0.1B |
| P/E (trailing) | 24.3 | – |
| Dividend yield | 0.72% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | COR | FSEA |
|---|---|---|
| 2022 | +26.3% | -10.5% |
| 2023 | +25.3% | -32.7% |
| 2024 | +10.4% | +30.6% |
| 2025 | +51.5% | +31.5% |
| 2026 | -4.3% | +29.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COR and FSEA good diversifiers for each other?
By historical standards, yes. A correlation of -0.37 means the two rarely move for the same reasons.
FAQ
What is the correlation between COR and FSEA?
As of 2026-08-27, the correlation of weekly returns between COR and FSEA is -0.37 over 3 years, -0.51 over 1 year and -0.24 over 5 years.
Is FSEA a good diversifier for COR?
By historical standards, yes. A correlation of -0.37 means the two rarely move for the same reasons.
What does a correlation of -0.37 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/cor-vs-fsea.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cor-vs-fsea/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: COR correlations · FSEA correlations
