FINW vs WNEB: Correlation
FinWise Bancorp (FINW) and Western New England Bancorp, Inc. (WNEB) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FINW and WNEB?
On 3 years of weekly data the FINW/WNEB correlation comes out at 0.47, moderate. Little has changed lately, as the 1-year reading of 0.42 lands near the 3-year figure. The 5-year figure is 0.46, and annualized covariance runs at 576.4 %².
In FINW's tracked universe of 11 assets, WNEB sits right near the top at #2. Correlation aside, the last 12 months split them widely, with WNEB ahead by 40.4 points (-28.5% versus +11.9%).
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 WNEB: side by side
| FINW (FinWise Bancorp) | WNEB (Western New England Bancorp, Inc.) | |
|---|---|---|
| 1-year return | -28.5% | +11.9% |
| 5-year return | +9.2% | +85.9% |
| Volatility (ann.) | 37.8% | 32.1% |
| Beta vs S&P 500 | 0.54 | 0.66 |
| Max drawdown (3Y) | -42.3% | -33.3% |
| Market cap | $0.2B | $0.3B |
| P/E (trailing) | 14.6 | 16.5 |
| Dividend yield | 0.00% | 2.03% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FINW | WNEB |
|---|---|---|
| 2022 | -32.8% | +11.0% |
| 2023 | +54.5% | -1.1% |
| 2024 | +11.7% | +6.0% |
| 2025 | +12.3% | +40.9% |
| 2026 | -22.5% | +10.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FINW and WNEB good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FINW and WNEB?
As of 2026-08-27, the correlation of weekly returns between FINW and WNEB is 0.47 over 3 years, 0.42 over 1 year and 0.46 over 5 years.
Is WNEB a good diversifier for FINW?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 mean?
A reading of 0.47 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/finw-vs-wneb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/finw-vs-wneb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FINW correlations · WNEB correlations
