FDUS vs SRG: Correlation
Fidus Investment Corporation - Closed End Fund (FDUS) and Seritage Growth Properties (SRG) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FDUS and SRG?
On 3 years of weekly data the FDUS/SRG correlation comes out at 0.39, moderate. The past 12 months show a tighter link (0.51) than the 3-year average (0.39). The 5-year figure is 0.41, and annualized covariance runs at 288.6 %².
Within FDUS's tracked universe of 21 assets, SRG comes in at #14 by 3-year correlation. Correlation aside, the last 12 months split them widely, with FDUS ahead by 46.6 points (+3.7% versus -42.9%). Risk is not evenly split, since SRG carries 2.4 times the volatility of the other side.
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.
FDUS vs SRG: side by side
| FDUS (Fidus Investment Corporation - Closed End Fund) | SRG (Seritage Growth Properties) | |
|---|---|---|
| 1-year return | +3.7% | -42.9% |
| 5-year return | +100.3% | -86.6% |
| Volatility (ann.) | 17.5% | 42.5% |
| Beta vs S&P 500 | 0.57 | 0.81 |
| Max drawdown (3Y) | -23.9% | -79.0% |
| Market cap | $0.7B | $0.1B |
| P/E (trailing) | 9.5 | – |
| Dividend yield | 8.73% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FDUS | SRG |
|---|---|---|
| 2022 | +17.1% | -10.9% |
| 2023 | +20.0% | -21.0% |
| 2024 | +20.5% | -55.9% |
| 2025 | +2.1% | -21.1% |
| 2026 | +8.9% | -36.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FDUS and SRG good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FDUS and SRG?
The FDUS/SRG correlation stands at 0.39 on a 3-year window (1 year: 0.51, 5 years: 0.41), computed from weekly returns as of 2026-08-27.
Is SRG a good diversifier for FDUS?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 mean?
On the −1 to +1 scale, 0.39 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/fdus-vs-srg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fdus-vs-srg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FDUS correlations · SRG correlations
