FBP vs WSFS: Correlation
How closely do First BanCorp. New (FBP) and WSFS Financial Corporation (WSFS) trade together? Their weekly returns over three years give a correlation of 0.85, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FBP and WSFS?
On 3 years of weekly data the FBP/WSFS correlation comes out at 0.85, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.79) sits close to the 3-year figure. The 5-year figure is 0.79, and annualized covariance runs at 656.0 %².
Within FBP's tracked universe of 11 assets, WSFS comes in at #5 by 3-year correlation. Over the last 12 months WSFS came out ahead by 7.6 percentage points (+26.4% against +34.0%).
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.
FBP vs WSFS: side by side
| FBP (First BanCorp. New) | WSFS (WSFS Financial Corporation) | |
|---|---|---|
| 1-year return | +26.4% | +34.0% |
| 5-year return | +155.4% | +85.9% |
| Volatility (ann.) | 25.8% | 29.9% |
| Beta vs S&P 500 | 0.84 | 0.89 |
| Max drawdown (3Y) | -22.9% | -24.7% |
| Market cap | $4.2B | $4.0B |
| P/E (trailing) | 11.8 | 13.2 |
| Dividend yield | 2.72% | 0.90% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FBP | WSFS |
|---|---|---|
| 2022 | -4.7% | -8.4% |
| 2023 | +34.8% | +2.9% |
| 2024 | +16.9% | +17.1% |
| 2025 | +14.4% | +5.2% |
| 2026 | +36.0% | +43.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FBP and WSFS good diversifiers for each other?
No. With a correlation of 0.85, FBP and WSFS move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between FBP and WSFS?
As of 2026-08-27, the correlation of weekly returns between FBP and WSFS is 0.85 over 3 years, 0.79 over 1 year and 0.79 over 5 years.
Is WSFS a good diversifier for FBP?
No. With a correlation of 0.85, FBP and WSFS move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.85 mean?
On the −1 to +1 scale, 0.85 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fbp-vs-wsfs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fbp-vs-wsfs/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FBP correlations · WSFS correlations
