FSBC vs WLFC: Correlation
Measured on weekly returns over the past three years, Five Star Bancorp (FSBC) and Willis Lease Finance Corporation (WLFC) 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 FSBC and WLFC?
Across a 3-year window, the weekly returns of FSBC and WLFC correlate at 0.42, moderate. Little has changed lately, as the 1-year reading of 0.51 lands near the 3-year figure. Stretching to 5 years gives 0.31, with an annualized covariance of 703.9 %².
Out of 18 assets tracked against FSBC, WLFC lands near the bottom at #14. The last year tells two different stories: FSBC led by 103.9 percentage points, +40.6% for FSBC against -63.3% for WLFC. Note the risk asymmetry: WLFC runs 2.3 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.
FSBC vs WLFC: side by side
| FSBC (Five Star Bancorp) | WLFC (Willis Lease Finance Corporation) | |
|---|---|---|
| 1-year return | +40.6% | -63.3% |
| 5-year return | +117.2% | +47.2% |
| Volatility (ann.) | 27.1% | 61.3% |
| Beta vs S&P 500 | 0.82 | 1.30 |
| Max drawdown (3Y) | -24.5% | -77.4% |
| Market cap | $1.1B | $1.2B |
| P/E (trailing) | 13.4 | 13.8 |
| Dividend yield | 2.10% | 0.88% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FSBC | WLFC |
|---|---|---|
| 2022 | -7.2% | +56.7% |
| 2023 | -0.6% | -17.2% |
| 2024 | +18.6% | +327.3% |
| 2025 | +22.1% | -34.5% |
| 2026 | +28.8% | -59.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FSBC and WLFC 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 FSBC and WLFC?
The FSBC/WLFC correlation stands at 0.42 on a 3-year window (1 year: 0.51, 5 years: 0.31), computed from weekly returns as of 2026-08-27.
Is WLFC a good diversifier for FSBC?
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
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Related comparisons
Hubs: FSBC correlations · WLFC correlations
