FDX vs SFST: Correlation
How closely do FedEx (FDX) and Southern First Bancshares, Inc. (SFST) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FDX and SFST?
Over the past 3 years, FDX and SFST moved with a correlation of 0.52, which is moderate. Recent behaviour matches the longer record: 0.52 over 1 year against 0.52 over 3. Over 5 years the correlation is 0.36, and the annualized covariance of weekly returns is 533.5 %².
Within FDX's tracked universe of 36 assets, SFST comes in at #14 by 3-year correlation. The last year tells two different stories: FDX led by 43.5 percentage points, +80.6% for FDX against +37.1% for SFST.
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 SFST: side by side
| FDX (FedEx) | SFST (Southern First Bancshares, Inc.) | |
|---|---|---|
| 1-year return | +80.6% | +37.1% |
| 5-year return | +71.0% | +23.1% |
| Volatility (ann.) | 30.7% | 33.3% |
| Beta vs S&P 500 | 0.89 | 0.77 |
| Max drawdown (3Y) | -35.9% | -33.6% |
| Market cap | $78.4B | $0.6B |
| P/E (trailing) | 18.1 | 13.3 |
| Dividend yield | 1.66% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | FDX | SFST |
|---|---|---|
| 2022 | -31.6% | -26.8% |
| 2023 | +49.1% | -18.9% |
| 2024 | +13.5% | +7.1% |
| 2025 | +5.1% | +29.6% |
| 2026 | +43.5% | +20.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FDX and SFST good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between FDX and SFST?
The FDX/SFST correlation stands at 0.52 on a 3-year window (1 year: 0.52, 5 years: 0.36), computed from weekly returns as of 2026-08-27.
Is SFST a good diversifier for FDX?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 mean?
A reading of 0.52 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: FDX correlations · SFST correlations
