DCOM vs FLG: Correlation
Dime Commercial Bancshares, Inc. (DCOM) and Flagstar Bank, N.A. (FLG) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DCOM and FLG?
Over the past 3 years, DCOM and FLG moved with a correlation of 0.57, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.70 versus 0.57 over 3 years. Over 5 years the correlation is 0.51, and the annualized covariance of weekly returns is 981.0 %².
By 3-year correlation, FLG places #8 of the 15 assets tracked against DCOM. Correlation aside, the last 12 months split them widely, with DCOM ahead by 31.2 points (+36.1% versus +4.9%). Note the risk asymmetry: FLG runs 1.6 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.
DCOM vs FLG: side by side
| DCOM (Dime Commercial Bancshares, Inc.) | FLG (Flagstar Bank, N.A.) | |
|---|---|---|
| 1-year return | +36.1% | +4.9% |
| 5-year return | +46.6% | -57.2% |
| Volatility (ann.) | 33.3% | 52.0% |
| Beta vs S&P 500 | 0.87 | 0.84 |
| Max drawdown (3Y) | -36.0% | -77.9% |
| Market cap | $1.8B | $5.6B |
| P/E (trailing) | 14.6 | 448.3 |
| Dividend yield | 2.48% | 0.29% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DCOM | FLG |
|---|---|---|
| 2022 | -6.8% | -24.5% |
| 2023 | -11.5% | +26.9% |
| 2024 | +19.0% | -69.1% |
| 2025 | +1.4% | +35.4% |
| 2026 | +37.1% | +7.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DCOM and FLG good diversifiers for each other?
Only partially. A correlation of 0.57 means DCOM and FLG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between DCOM and FLG?
As of 2026-08-27, the correlation of weekly returns between DCOM and FLG is 0.57 over 3 years, 0.70 over 1 year and 0.51 over 5 years.
Is FLG a good diversifier for DCOM?
Only partially. A correlation of 0.57 means DCOM and FLG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.57 mean?
A reading of 0.57 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dcom-vs-flg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dcom-vs-flg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DCOM correlations · FLG correlations
