FLG vs SJ: Correlation
Measured on weekly returns over the past three years, Flagstar Bank, N.A. (FLG) and Scienjoy Holding Corporation - Class A (SJ) carry a correlation of 0.23, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLG and SJ?
On 3 years of weekly data the FLG/SJ correlation comes out at 0.23, weak. The link has loosened recently: the 1-year correlation (0.06) runs below the 3-year figure (0.23). The 5-year figure is 0.11, and annualized covariance runs at 1028.7 %².
Among the 11 assets we track against FLG, SJ ranks #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SJ ahead by 29.5 points (+4.9% versus +34.4%). Note the risk asymmetry: SJ runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
FLG vs SJ: side by side
| FLG (Flagstar Bank, N.A.) | SJ (Scienjoy Holding Corporation - Class A) | |
|---|---|---|
| 1-year return | +4.9% | +34.4% |
| 5-year return | -57.2% | -79.3% |
| Volatility (ann.) | 52.0% | 85.6% |
| Beta vs S&P 500 | 0.84 | -0.26 |
| Max drawdown (3Y) | -77.9% | -87.8% |
| Market cap | $5.6B | – |
| P/E (trailing) | 448.3 | – |
| Dividend yield | 0.29% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FLG | SJ |
|---|---|---|
| 2022 | -24.5% | -65.3% |
| 2023 | +26.9% | +76.6% |
| 2024 | -69.1% | -70.1% |
| 2025 | +35.4% | -33.2% |
| 2026 | +7.0% | +41.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLG and SJ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.23 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FLG and SJ?
Using weekly returns as of 2026-08-27: 0.23 over 3 years, with 0.06 over the last year and 0.11 over 5 years.
Is SJ a good diversifier for FLG?
Yes, to a useful degree: a correlation of 0.23 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.23 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/flg-vs-sj.json
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[](https://www.pairbook.io/pair/flg-vs-sj/)
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Related comparisons
Hubs: FLG correlations · SJ correlations
