FBIN vs FSV: Correlation
How closely do Fortune Brands Innovations, Inc. (FBIN) and FirstService Corporation (FSV) trade together? Their weekly returns over three years give a correlation of 0.54, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FBIN and FSV?
Across a 3-year window, the weekly returns of FBIN and FSV correlate at 0.54, moderate. The relationship has been stable: the 1-year correlation (0.51) sits close to the 3-year figure. Stretching to 5 years gives 0.57, with an annualized covariance of 462.7 %².
By 3-year correlation, FSV places #10 of the 20 assets tracked against FBIN. The trailing year gives FBIN the advantage: -22.1% versus -29.3%, a 7.2-point spread. One caveat on sizing: FBIN is 1.7 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.
FBIN vs FSV: side by side
| FBIN (Fortune Brands Innovations, Inc.) | FSV (FirstService Corporation) | |
|---|---|---|
| 1-year return | -22.1% | -29.3% |
| 5-year return | -42.9% | -21.9% |
| Volatility (ann.) | 38.8% | 22.3% |
| Beta vs S&P 500 | 1.29 | 0.62 |
| Max drawdown (3Y) | -61.9% | -39.4% |
| Market cap | $5.4B | $6.2B |
| P/E (trailing) | 37.4 | 40.7 |
| Dividend yield | 2.20% | 0.81% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FBIN | FSV |
|---|---|---|
| 2022 | -36.5% | -37.2% |
| 2023 | +35.2% | +33.1% |
| 2024 | -9.1% | +12.3% |
| 2025 | -25.4% | -13.5% |
| 2026 | -7.8% | -8.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FBIN and FSV good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between FBIN and FSV?
As of 2026-08-27, the correlation of weekly returns between FBIN and FSV is 0.54 over 3 years, 0.51 over 1 year and 0.57 over 5 years.
Is FSV a good diversifier for FBIN?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 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/fbin-vs-fsv.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fbin-vs-fsv/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FBIN correlations · FSV correlations
