COST vs FCAP: Correlation
Costco (COST) and First Capital, Inc. (FCAP) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COST and FCAP?
Over the past 3 years, COST and FCAP moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.48 versus -0.21 over 3 years. Over 5 years the correlation is -0.08, and the annualized covariance of weekly returns is -160.3 %².
By 3-year correlation, FCAP places #26 of the 33 assets tracked against COST. Correlation aside, the last 12 months split them widely, with FCAP ahead by 56.8 points (-1.0% versus +55.8%). Note the risk asymmetry: FCAP runs 2.0 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.
COST vs FCAP: side by side
| COST (Costco) | FCAP (First Capital, Inc.) | |
|---|---|---|
| 1-year return | -1.0% | +55.8% |
| 5-year return | +116.3% | +72.5% |
| Volatility (ann.) | 19.8% | 38.7% |
| Beta vs S&P 500 | 0.45 | 0.26 |
| Max drawdown (3Y) | -20.7% | -32.5% |
| Market cap | $414.5B | $0.2B |
| P/E (trailing) | 48.1 | 11.3 |
| Dividend yield | 0.56% | 2.02% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | COST | FCAP |
|---|---|---|
| 2022 | -19.0% | -36.3% |
| 2023 | +49.0% | +16.5% |
| 2024 | +39.6% | +20.0% |
| 2025 | -5.4% | +88.4% |
| 2026 | +8.9% | +6.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COST and FCAP good diversifiers for each other?
Yes. With a correlation of -0.21, COST and FCAP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between COST and FCAP?
As of 2026-08-27, the correlation of weekly returns between COST and FCAP is -0.21 over 3 years, -0.48 over 1 year and -0.08 over 5 years.
Is FCAP a good diversifier for COST?
Yes. With a correlation of -0.21, COST and FCAP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 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/cost-vs-fcap.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cost-vs-fcap/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: COST correlations · FCAP correlations
