CSL vs FAST: Correlation
Carlisle Companies Incorporated (CSL) and Fastenal (FAST) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CSL and FAST?
Over the past 3 years, CSL and FAST moved with a correlation of 0.52, which is moderate. Recent behaviour matches the longer record: 0.47 over 1 year against 0.52 over 3. Over 5 years the correlation is 0.47, and the annualized covariance of weekly returns is 427.4 %².
Among the 19 assets we track against CSL, FAST ranks #11 by 3-year correlation. On 12-month performance FAST holds a 10.5-point edge, -6.4% against +4.1%.
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.
CSL vs FAST: side by side
| CSL (Carlisle Companies Incorporated) | FAST (Fastenal) | |
|---|---|---|
| 1-year return | -6.4% | +4.1% |
| 5-year return | +78.0% | +105.5% |
| Volatility (ann.) | 33.9% | 24.0% |
| Beta vs S&P 500 | 1.10 | 0.63 |
| Max drawdown (3Y) | -37.7% | -21.9% |
| Market cap | $14.3B | $58.7B |
| P/E (trailing) | 20.5 | 43.7 |
| Dividend yield | 1.20% | 1.80% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | CSL | FAST |
|---|---|---|
| 2022 | -4.1% | -24.3% |
| 2023 | +34.3% | +41.3% |
| 2024 | +19.1% | +13.5% |
| 2025 | -12.3% | +14.0% |
| 2026 | +13.9% | +29.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CSL and FAST good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CSL and FAST?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.47 over the last year and 0.47 over 5 years.
Is FAST a good diversifier for CSL?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 mean?
A reading of 0.52 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: CSL correlations · FAST correlations
