FMAO vs VLGEA: Correlation
Farmers & Merchants Bancorp, Inc. (FMAO) and Village Super Market, Inc. (VLGEA) show a moderate relationship: their 3-year correlation of weekly returns is 0.50.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FMAO and VLGEA?
Across a 3-year window, the weekly returns of FMAO and VLGEA correlate at 0.50, moderate. Recent behaviour matches the longer record: 0.47 over 1 year against 0.50 over 3. Stretching to 5 years gives 0.43, with an annualized covariance of 510.1 %².
Within FMAO's tracked universe of 19 assets, VLGEA comes in at #11 by 3-year correlation. The trailing year gives FMAO the advantage: +31.4% versus +23.1%, a 8.3-point spread.
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.
FMAO vs VLGEA: side by side
| FMAO (Farmers & Merchants Bancorp, Inc.) | VLGEA (Village Super Market, Inc.) | |
|---|---|---|
| 1-year return | +31.4% | +23.1% |
| 5-year return | +78.8% | +137.7% |
| Volatility (ann.) | 36.2% | 27.9% |
| Beta vs S&P 500 | 0.90 | 0.32 |
| Max drawdown (3Y) | -35.0% | -21.1% |
| Market cap | $0.5B | $0.6B |
| P/E (trailing) | 11.6 | 11.9 |
| Dividend yield | 2.72% | 2.29% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FMAO | VLGEA |
|---|---|---|
| 2022 | -14.9% | +4.1% |
| 2023 | -5.3% | +17.7% |
| 2024 | +23.1% | +26.0% |
| 2025 | -13.0% | +14.9% |
| 2026 | +39.4% | +24.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FMAO and VLGEA good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between FMAO and VLGEA?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.47 over the last year and 0.43 over 5 years.
Is VLGEA a good diversifier for FMAO?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 mean?
A reading of 0.50 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: FMAO correlations · VLGEA correlations
