FISI vs HIFS: Correlation
How closely do Financial Institutions, Inc. (FISI) and Hingham Institution for Savings (HIFS) trade together? Their weekly returns over three years give a correlation of 0.69, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FISI and HIFS?
On 3 years of weekly data the FISI/HIFS correlation comes out at 0.69, strong. Recent behaviour matches the longer record: 0.62 over 1 year against 0.69 over 3. The 5-year figure is 0.61, and annualized covariance runs at 898.4 %².
By 3-year correlation, HIFS places #6 of the 14 assets tracked against FISI. Correlation aside, the last 12 months split them widely, with FISI ahead by 51.7 points (+54.3% versus +2.6%).
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.
FISI vs HIFS: side by side
| FISI (Financial Institutions, Inc.) | HIFS (Hingham Institution for Savings) | |
|---|---|---|
| 1-year return | +54.3% | +2.6% |
| 5-year return | +65.6% | -2.0% |
| Volatility (ann.) | 31.9% | 40.5% |
| Beta vs S&P 500 | 0.93 | 1.05 |
| Max drawdown (3Y) | -27.8% | -27.8% |
| Market cap | $0.8B | $0.7B |
| P/E (trailing) | 10.1 | 10.0 |
| Dividend yield | 3.09% | 0.84% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FISI | HIFS |
|---|---|---|
| 2022 | -20.0% | -33.6% |
| 2023 | -6.8% | -28.6% |
| 2024 | +35.5% | +31.9% |
| 2025 | +19.5% | +12.8% |
| 2026 | +33.8% | +6.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FISI and HIFS good diversifiers for each other?
To a limited degree. At 0.69 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between FISI and HIFS?
The FISI/HIFS correlation stands at 0.69 on a 3-year window (1 year: 0.62, 5 years: 0.61), computed from weekly returns as of 2026-08-27.
Is HIFS a good diversifier for FISI?
To a limited degree. At 0.69 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.69 mean?
A reading of 0.69 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/fisi-vs-hifs.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fisi-vs-hifs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FISI correlations · HIFS correlations
