FCFS vs ZIM: Correlation
FirstCash Holdings, Inc. (FCFS) and ZIM Integrated Shipping Services Ltd. (ZIM) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FCFS and ZIM?
Over the past 3 years, FCFS and ZIM moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.01) than the 3-year average (-0.25). Over 5 years the correlation is -0.10, and the annualized covariance of weekly returns is -421.7 %².
Out of 13 assets tracked against FCFS, ZIM lands near the bottom at #13. Their recent paths diverged sharply: over the last 12 months ZIM outperformed by 51.0 percentage points (+52.1% for FCFS against +103.1% for ZIM). Note the risk asymmetry: ZIM runs 3.2 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 ZIM: side by side
| FCFS (FirstCash Holdings, Inc.) | ZIM (ZIM Integrated Shipping Services Ltd.) | |
|---|---|---|
| 1-year return | +52.1% | +103.1% |
| 5-year return | +180.4% | +125.1% |
| Volatility (ann.) | 23.3% | 73.9% |
| Beta vs S&P 500 | 0.08 | 1.32 |
| Max drawdown (3Y) | -23.4% | -46.2% |
| Market cap | $9.7B | $3.4B |
| P/E (trailing) | 25.0 | 24.1 |
| Dividend yield | 0.76% | 4.31% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FCFS | ZIM |
|---|---|---|
| 2022 | +18.0% | -52.7% |
| 2023 | +26.5% | -21.1% |
| 2024 | -3.2% | +176.9% |
| 2025 | +55.7% | +25.6% |
| 2026 | +41.5% | +35.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FCFS and ZIM good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FCFS and ZIM?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with -0.01 over the last year and -0.10 over 5 years.
Is ZIM a good diversifier for FCFS?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 mean?
A reading of -0.25 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fcfs-vs-zim.json
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[](https://www.pairbook.io/pair/fcfs-vs-zim/)
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Related comparisons
Hubs: FCFS correlations · ZIM correlations
