FNF vs STEW: Correlation
Measured on weekly returns over the past three years, Fidelity National Financial, Inc. (FNF) and SRH Total Return Fund, Inc. (STEW) carry a correlation of 0.60, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNF and STEW?
On 3 years of weekly data the FNF/STEW correlation comes out at 0.60, strong. Recent behaviour matches the longer record: 0.53 over 1 year against 0.60 over 3. The 5-year figure is 0.65, and annualized covariance runs at 209.0 %².
By 3-year correlation, STEW places #4 of the 14 assets tracked against FNF. Their recent paths diverged sharply: over the last 12 months STEW outperformed by 20.9 percentage points (-15.7% for FNF against +5.2% for STEW). Risk is not evenly split, since FNF carries 1.8 times the volatility of the other side.
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.
FNF vs STEW: side by side
| FNF (Fidelity National Financial, Inc.) | STEW (SRH Total Return Fund, Inc.) | |
|---|---|---|
| 1-year return | -15.7% | +5.2% |
| 5-year return | +27.3% | +61.2% |
| Volatility (ann.) | 24.8% | 14.1% |
| Beta vs S&P 500 | 0.66 | 0.67 |
| Max drawdown (3Y) | -30.0% | -10.5% |
| Market cap | $12.7B | $1.8B |
| P/E (trailing) | 16.5 | 12.1 |
| Dividend yield | 4.34% | 3.91% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FNF | STEW |
|---|---|---|
| 2022 | -21.6% | -7.3% |
| 2023 | +42.2% | +13.5% |
| 2024 | +14.0% | +19.9% |
| 2025 | +4.4% | +20.3% |
| 2026 | -11.4% | +3.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNF and STEW good diversifiers for each other?
Only partially. A correlation of 0.60 means FNF and STEW share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between FNF and STEW?
As of 2026-08-27, the correlation of weekly returns between FNF and STEW is 0.60 over 3 years, 0.53 over 1 year and 0.65 over 5 years.
Is STEW a good diversifier for FNF?
Only partially. A correlation of 0.60 means FNF and STEW share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.60 mean?
A reading of 0.60 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/fnf-vs-stew.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fnf-vs-stew/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FNF correlations · STEW correlations
