FISI vs LQDT: Correlation
Measured on weekly returns over the past three years, Financial Institutions, Inc. (FISI) and Liquidity Services, Inc. (LQDT) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FISI and LQDT?
On 3 years of weekly data the FISI/LQDT correlation comes out at 0.42, moderate. The relationship has been stable: the 1-year correlation (0.43) sits close to the 3-year figure. The 5-year figure is 0.33, and annualized covariance runs at 608.5 %².
Among the 14 assets we track against FISI, LQDT ranks #8 by 3-year correlation. Neither side won the trailing year by much: +54.3% against +59.0%.
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 LQDT: side by side
| FISI (Financial Institutions, Inc.) | LQDT (Liquidity Services, Inc.) | |
|---|---|---|
| 1-year return | +54.3% | +59.0% |
| 5-year return | +65.6% | +66.3% |
| Volatility (ann.) | 31.9% | 44.8% |
| Beta vs S&P 500 | 0.93 | 0.89 |
| Max drawdown (3Y) | -27.8% | -41.1% |
| Market cap | $0.8B | $1.3B |
| P/E (trailing) | 10.1 | 41.0 |
| Dividend yield | 3.09% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FISI | LQDT |
|---|---|---|
| 2022 | -20.0% | -36.3% |
| 2023 | -6.8% | +22.4% |
| 2024 | +35.5% | +87.6% |
| 2025 | +19.5% | -6.1% |
| 2026 | +33.8% | +37.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FISI and LQDT good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FISI and LQDT?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.43 over the last year and 0.33 over 5 years.
Is LQDT a good diversifier for FISI?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 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/fisi-vs-lqdt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fisi-vs-lqdt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FISI correlations · LQDT correlations
