DUO vs FUSB: Correlation
Fangdd Network Group Ltd. - Class A (DUO) and First US Bancshares, Inc. (FUSB) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DUO and FUSB?
Over the past 3 years, DUO and FUSB moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.08) runs above the 3-year figure (-0.24). Over 5 years the correlation is -0.16, and the annualized covariance of weekly returns is -1708.1 %².
By 3-year correlation, FUSB places #10 of the 15 assets tracked against DUO. Correlation aside, the last 12 months split them widely, with FUSB ahead by 108.1 points (-53.8% versus +54.3%). One caveat on sizing: DUO is 10.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
DUO vs FUSB: side by side
| DUO (Fangdd Network Group Ltd. - Class A) | FUSB (First US Bancshares, Inc.) | |
|---|---|---|
| 1-year return | -53.8% | +54.3% |
| 5-year return | -100.0% | +66.8% |
| Volatility (ann.) | 278.7% | 26.1% |
| Beta vs S&P 500 | 1.68 | 0.21 |
| Max drawdown (3Y) | -99.2% | -23.2% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | 12.4 |
| Dividend yield | 0.00% | 1.70% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DUO | FUSB |
|---|---|---|
| 2022 | -89.0% | -16.7% |
| 2023 | -94.2% | +21.6% |
| 2024 | -11.1% | +24.5% |
| 2025 | -84.7% | +13.4% |
| 2026 | -52.2% | +18.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DUO and FUSB good diversifiers for each other?
Yes. With a correlation of -0.24, DUO and FUSB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DUO and FUSB?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with 0.08 over the last year and -0.16 over 5 years.
Is FUSB a good diversifier for DUO?
Yes. With a correlation of -0.24, DUO and FUSB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
A reading of -0.24 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/duo-vs-fusb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/duo-vs-fusb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DUO correlations · FUSB correlations
