FCFS vs SHMD: Correlation
How closely do FirstCash Holdings, Inc. (FCFS) and SCHMID Group N.V. - Class A (SHMD) trade together? Their weekly returns over three years give a correlation of 0.29, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FCFS and SHMD?
On 3 years of weekly data the FCFS/SHMD correlation comes out at 0.29, weak. Little has changed lately, as the 1-year reading of 0.33 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 652.2 %².
Among the 13 assets we track against FCFS, SHMD ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months FCFS outperformed by 23.3 percentage points (+52.1% for FCFS against +28.8% for SHMD). One caveat on sizing: SHMD is 4.2 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.
FCFS vs SHMD: side by side
| FCFS (FirstCash Holdings, Inc.) | SHMD (SCHMID Group N.V. - Class A) | |
|---|---|---|
| 1-year return | +52.1% | +28.8% |
| 5-year return | +180.4% | n/a |
| Volatility (ann.) | 23.3% | 96.9% |
| Beta vs S&P 500 | 0.08 | 0.77 |
| Max drawdown (3Y) | -23.4% | -69.6% |
| Market cap | $9.7B | $0.2B |
| P/E (trailing) | 25.0 | – |
| Dividend yield | 0.76% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FCFS | SHMD |
|---|---|---|
| 2022 | +18.0% | – |
| 2023 | +26.5% | – |
| 2024 | -3.2% | – |
| 2025 | +55.7% | +101.1% |
| 2026 | +41.5% | -45.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FCFS and SHMD good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.29 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FCFS and SHMD?
Using weekly returns as of 2026-08-27: 0.29 over 3 years, with 0.33 over the last year and n/a over 5 years.
Is SHMD a good diversifier for FCFS?
Yes, to a useful degree: a correlation of 0.29 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.29 mean?
On the −1 to +1 scale, 0.29 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.
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Related comparisons
Hubs: FCFS correlations · SHMD correlations
