FCFS vs GDEV: Correlation
FirstCash Holdings, Inc. (FCFS) and GDEV Inc. (GDEV) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FCFS and GDEV?
Over the past 3 years, FCFS and GDEV moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.20 lands near the 3-year figure. Over 5 years the correlation is -0.05, and the annualized covariance of weekly returns is -453.4 %².
Out of 13 assets tracked against FCFS, GDEV lands near the bottom at #10. The last year tells two different stories: FCFS led by 76.3 percentage points, +52.1% for FCFS against -24.2% for GDEV. Note the risk asymmetry: GDEV runs 3.8 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.
FCFS vs GDEV: side by side
| FCFS (FirstCash Holdings, Inc.) | GDEV (GDEV Inc.) | |
|---|---|---|
| 1-year return | +52.1% | -24.2% |
| 5-year return | +180.4% | -84.9% |
| Volatility (ann.) | 23.3% | 87.8% |
| Beta vs S&P 500 | 0.08 | 1.24 |
| Max drawdown (3Y) | -23.4% | -77.9% |
| Market cap | $9.7B | $0.2B |
| P/E (trailing) | 25.0 | 2.7 |
| Dividend yield | 0.76% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FCFS | GDEV |
|---|---|---|
| 2022 | +18.0% | -20.8% |
| 2023 | +26.5% | -65.4% |
| 2024 | -3.2% | -12.5% |
| 2025 | +55.7% | -6.3% |
| 2026 | +41.5% | -28.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FCFS and GDEV good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between FCFS and GDEV?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.20 over the last year and -0.05 over 5 years.
Is GDEV a good diversifier for FCFS?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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/fcfs-vs-gdev.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fcfs-vs-gdev/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FCFS correlations · GDEV correlations
