FGBI vs SDEV: Correlation
How closely do First Guaranty Bancshares, Inc. (FGBI) and Stablecoin Development Corporation (SDEV) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FGBI and SDEV?
Over the past 3 years, FGBI and SDEV moved with a correlation of 0.38, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.55 versus 0.38 over 3 years. Over 5 years the correlation is 0.33, and the annualized covariance of weekly returns is 4440.0 %².
In FGBI's tracked universe of 11 assets, SDEV sits right near the top at #3. Their recent paths diverged sharply: over the last 12 months FGBI outperformed by 83.6 percentage points (+2.7% for FGBI against -80.9% for SDEV). Note the risk asymmetry: SDEV runs 4.2 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.
FGBI vs SDEV: side by side
| FGBI (First Guaranty Bancshares, Inc.) | SDEV (Stablecoin Development Corporation) | |
|---|---|---|
| 1-year return | +2.7% | -80.9% |
| 5-year return | -46.6% | -100.0% |
| Volatility (ann.) | 52.8% | 222.1% |
| Beta vs S&P 500 | 0.28 | 1.75 |
| Max drawdown (3Y) | -70.0% | -99.0% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.49% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FGBI | SDEV |
|---|---|---|
| 2022 | +18.2% | -85.3% |
| 2023 | -50.2% | -89.7% |
| 2024 | +6.6% | -91.4% |
| 2025 | -52.5% | +1322.1% |
| 2026 | +51.4% | -96.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FGBI and SDEV good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FGBI and SDEV?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.55 over the last year and 0.33 over 5 years.
Is SDEV a good diversifier for FGBI?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 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: FGBI correlations · SDEV correlations
