FLD vs PNBK: Correlation
Fold Holdings, Inc. (FLD) and Patriot National Bancorp Inc. (PNBK) show a moderate relationship: their 3-year correlation of weekly returns is 0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLD and PNBK?
Over the past 3 years, FLD and PNBK moved with a correlation of 0.33, which is moderate. The past 12 months show a weaker link (0.13) than the 3-year average (0.33). Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 2899.3 %².
PNBK is one of the assets that tracks FLD most closely: it ranks #3 out of the 13 assets we track against FLD. The last year tells two different stories: PNBK led by 51.5 percentage points, -83.6% for FLD against -32.1% for PNBK.
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.
FLD vs PNBK: side by side
| FLD (Fold Holdings, Inc.) | PNBK (Patriot National Bancorp Inc.) | |
|---|---|---|
| 1-year return | -83.6% | -32.1% |
| 5-year return | -93.7% | -89.0% |
| Volatility (ann.) | 78.8% | 112.5% |
| Beta vs S&P 500 | 0.49 | 0.76 |
| Max drawdown (3Y) | -96.7% | -89.4% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FLD | PNBK |
|---|---|---|
| 2022 | – | -31.8% |
| 2023 | +5.3% | -63.9% |
| 2024 | +5.2% | -49.3% |
| 2025 | -76.5% | -6.2% |
| 2026 | -76.6% | -43.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLD and PNBK good diversifiers for each other?
Reasonably. At 0.33, FLD and PNBK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FLD and PNBK?
Using weekly returns as of 2026-08-27: 0.33 over 3 years, with 0.13 over the last year and 0.32 over 5 years.
Is PNBK a good diversifier for FLD?
Reasonably. At 0.33, FLD and PNBK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
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/fld-vs-pnbk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fld-vs-pnbk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FLD correlations · PNBK correlations
