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EZPW vs FCFS: Correlation

How closely do EZCORP, Inc. - Class A Non-Voting (EZPW) and FirstCash Holdings, Inc. (FCFS) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.

Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology

Correlation (3Y)
0.45
moderate
Correlation (1Y)
0.64
last 12 months
Correlation (5Y)
0.41
long-run
Ann. covariance
322.2
%² · weekly, annualized

How correlated are EZPW and FCFS?

Over the past 3 years, EZPW and FCFS moved with a correlation of 0.45, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.64 versus 0.45 over 3 years. Over 5 years the correlation is 0.41, and the annualized covariance of weekly returns is 322.2 %².

FCFS is one of the assets that tracks EZPW most closely: it ranks #1 out of the 10 assets we track against EZPW. The last year tells two different stories: EZPW led by 57.7 percentage points, +109.8% for EZPW against +52.1% for FCFS.

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.

EZPW vs FCFS: side by side

EZPW (EZCORP, Inc. - Class A Non-Voting)FCFS (FirstCash Holdings, Inc.)
1-year return+109.8%+52.1%
5-year return+400.9%+180.4%
Volatility (ann.)31.0%23.3%
Beta vs S&P 5000.260.08
Max drawdown (3Y)-24.2%-23.4%
Market cap$2.1B$9.7B
P/E (trailing)17.025.0
Dividend yield0.00%0.76%
Sector / categoryUS ListedUS Listed
Lower P/E: EZPW 17.0 vs 25.0Higher yield: FCFS 0.76% vs 0.00%Smaller drawdown: FCFS -23.4% vs -24.2%Higher 5y return: EZPW +400.9% vs +180.4%
-0%0%+113%2025-09-052026-08-27
Price paths over the last 12 months, both indexed to 100 at the start (weekly closes). EZPW · FCFS

Year-by-year returns

YearEZPWFCFS
2022+10.6%+18.0%
2023+7.2%+26.5%
2024+39.8%-3.2%
2025+58.9%+55.7%
2026+77.2%+41.5%

Calendar-year price returns; the current year is year-to-date as of the data date above.

Are EZPW and FCFS good diversifiers for each other?

Reasonably. At 0.45, EZPW and FCFS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.

FAQ

What is the correlation between EZPW and FCFS?

The EZPW/FCFS correlation stands at 0.45 on a 3-year window (1 year: 0.64, 5 years: 0.41), computed from weekly returns as of 2026-08-27.

Is FCFS a good diversifier for EZPW?

Reasonably. At 0.45, EZPW and FCFS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.

What does a correlation of 0.45 mean?

A reading of 0.45 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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EZPW vs FCFS: 3-year weekly correlation 0.45EZPW vs FCFS0.45

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Hubs: EZPW correlations · FCFS correlations