FINW vs VLY: Correlation
Measured on weekly returns over the past three years, FinWise Bancorp (FINW) and Valley National Bancorp (VLY) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FINW and VLY?
Over the past 3 years, FINW and VLY moved with a correlation of 0.46, which is moderate. The relationship has been stable: the 1-year correlation (0.41) sits close to the 3-year figure. Over 5 years the correlation is 0.40, and the annualized covariance of weekly returns is 570.1 %².
By 3-year correlation, VLY places #5 of the 11 assets tracked against FINW. The last year tells two different stories: VLY led by 66.4 percentage points, -28.5% for FINW against +37.9% for VLY.
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.
FINW vs VLY: side by side
| FINW (FinWise Bancorp) | VLY (Valley National Bancorp) | |
|---|---|---|
| 1-year return | -28.5% | +37.9% |
| 5-year return | +9.2% | +32.9% |
| Volatility (ann.) | 37.8% | 32.8% |
| Beta vs S&P 500 | 0.54 | 0.93 |
| Max drawdown (3Y) | -42.3% | -39.5% |
| Market cap | $0.2B | $7.7B |
| P/E (trailing) | 14.6 | 11.9 |
| Dividend yield | 0.00% | 3.12% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FINW | VLY |
|---|---|---|
| 2022 | -32.8% | -14.6% |
| 2023 | +54.5% | +0.7% |
| 2024 | +11.7% | -11.9% |
| 2025 | +12.3% | +34.8% |
| 2026 | -22.5% | +21.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FINW and VLY good diversifiers for each other?
Reasonably. At 0.46, FINW and VLY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FINW and VLY?
As of 2026-08-27, the correlation of weekly returns between FINW and VLY is 0.46 over 3 years, 0.41 over 1 year and 0.40 over 5 years.
Is VLY a good diversifier for FINW?
Reasonably. At 0.46, FINW and VLY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/finw-vs-vly.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/finw-vs-vly/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FINW correlations · VLY correlations
