FDX vs NSTS: Correlation
FedEx (FDX) and NSTS Bancorp, Inc. (NSTS) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FDX and NSTS?
On 3 years of weekly data the FDX/NSTS correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.07 versus -0.21 over 3 years. The 5-year figure is -0.14, and annualized covariance runs at -121.0 %².
Out of 36 assets tracked against FDX, NSTS lands near the bottom at #33. The last year tells two different stories: FDX led by 62.7 percentage points, +80.6% for FDX against +17.9% for NSTS. Risk is not evenly split, since FDX carries 1.6 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.
FDX vs NSTS: side by side
| FDX (FedEx) | NSTS (NSTS Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +80.6% | +17.9% |
| 5-year return | +71.0% | +11.4% |
| Volatility (ann.) | 30.7% | 19.0% |
| Beta vs S&P 500 | 0.89 | 0.01 |
| Max drawdown (3Y) | -35.9% | -18.5% |
| Market cap | $78.4B | $0.1B |
| P/E (trailing) | 18.1 | – |
| Dividend yield | 1.66% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | FDX | NSTS |
|---|---|---|
| 2022 | -31.6% | – |
| 2023 | +49.1% | -6.1% |
| 2024 | +13.5% | +24.1% |
| 2025 | +5.1% | +9.7% |
| 2026 | +43.5% | +8.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FDX and NSTS good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FDX and NSTS?
The FDX/NSTS correlation stands at -0.21 on a 3-year window (1 year: 0.07, 5 years: -0.14), computed from weekly returns as of 2026-08-27.
Is NSTS a good diversifier for FDX?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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/fdx-vs-nsts.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fdx-vs-nsts/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FDX correlations · NSTS correlations
