FHB vs RSSS: Correlation
How closely do First Hawaiian, Inc. (FHB) and Research Solutions, Inc (RSSS) trade together? Their weekly returns over three years give a correlation of 0.33, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FHB and RSSS?
On 3 years of weekly data the FHB/RSSS correlation comes out at 0.33, moderate. The relationship has been stable: the 1-year correlation (0.31) sits close to the 3-year figure. The 5-year figure is 0.29, and annualized covariance runs at 322.9 %².
Among the 18 assets we track against FHB, RSSS sits near the bottom by co-movement, at rank #14. Their recent paths diverged sharply: over the last 12 months FHB outperformed by 31.5 percentage points (+3.3% for FHB against -28.2% for RSSS). One caveat on sizing: RSSS is 1.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 RSSS: side by side
| FHB (First Hawaiian, Inc.) | RSSS (Research Solutions, Inc) | |
|---|---|---|
| 1-year return | +3.3% | -28.2% |
| 5-year return | +16.4% | -15.0% |
| Volatility (ann.) | 25.6% | 38.5% |
| Beta vs S&P 500 | 0.77 | 0.22 |
| Max drawdown (3Y) | -24.3% | -48.9% |
| Market cap | $3.1B | $0.1B |
| P/E (trailing) | 11.3 | 14.7 |
| Dividend yield | 4.01% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FHB | RSSS |
|---|---|---|
| 2022 | -0.9% | -22.0% |
| 2023 | -7.6% | +35.4% |
| 2024 | +18.7% | +59.6% |
| 2025 | +1.6% | -29.2% |
| 2026 | +5.1% | -24.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FHB and RSSS good diversifiers for each other?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FHB and RSSS?
As of 2026-08-27, the correlation of weekly returns between FHB and RSSS is 0.33 over 3 years, 0.31 over 1 year and 0.29 over 5 years.
Is RSSS a good diversifier for FHB?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.33 mean?
A reading of 0.33 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fhb-vs-rsss.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fhb-vs-rsss/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FHB correlations · RSSS correlations
