FHB vs NRDS: Correlation
How closely do First Hawaiian, Inc. (FHB) and NerdWallet, Inc. (NRDS) trade together? Their weekly returns over three years give a correlation of 0.48, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FHB and NRDS?
On 3 years of weekly data the FHB/NRDS correlation comes out at 0.48, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.37 versus 0.48 over 3 years. The 5-year figure is 0.42, and annualized covariance runs at 676.0 %².
Within FHB's tracked universe of 18 assets, NRDS comes in at #11 by 3-year correlation. The trailing year gives FHB the advantage: +3.3% versus -7.4%, a 10.7-point spread. Risk is not evenly split, since NRDS carries 2.2 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.
FHB vs NRDS: side by side
| FHB (First Hawaiian, Inc.) | NRDS (NerdWallet, Inc.) | |
|---|---|---|
| 1-year return | +3.3% | -7.4% |
| 5-year return | +16.4% | -65.7% |
| Volatility (ann.) | 25.6% | 55.3% |
| Beta vs S&P 500 | 0.77 | 1.08 |
| Max drawdown (3Y) | -24.3% | -55.4% |
| Market cap | $3.1B | $0.6B |
| P/E (trailing) | 11.3 | 10.9 |
| Dividend yield | 4.01% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FHB | NRDS |
|---|---|---|
| 2022 | -0.9% | -38.3% |
| 2023 | -7.6% | +53.3% |
| 2024 | +18.7% | -9.6% |
| 2025 | +1.6% | +1.9% |
| 2026 | +5.1% | -28.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FHB and NRDS good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FHB and NRDS?
As of 2026-08-27, the correlation of weekly returns between FHB and NRDS is 0.48 over 3 years, 0.37 over 1 year and 0.42 over 5 years.
Is NRDS a good diversifier for FHB?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 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/fhb-vs-nrds.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fhb-vs-nrds/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FHB correlations · NRDS correlations
