FSBC vs WNEB: Correlation
Five Star Bancorp (FSBC) and Western New England Bancorp, Inc. (WNEB) show a strong relationship: their 3-year correlation of weekly returns is 0.68.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FSBC and WNEB?
Over the past 3 years, FSBC and WNEB moved with a correlation of 0.68, which is strong. Recent behaviour matches the longer record: 0.61 over 1 year against 0.68 over 3. Over 5 years the correlation is 0.49, and the annualized covariance of weekly returns is 593.7 %².
Within FSBC's tracked universe of 18 assets, WNEB comes in at #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months FSBC outperformed by 28.7 percentage points (+40.6% for FSBC against +11.9% for WNEB).
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 WNEB: side by side
| FSBC (Five Star Bancorp) | WNEB (Western New England Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +40.6% | +11.9% |
| 5-year return | +117.2% | +85.9% |
| Volatility (ann.) | 27.1% | 32.1% |
| Beta vs S&P 500 | 0.82 | 0.66 |
| Max drawdown (3Y) | -24.5% | -33.3% |
| Market cap | $1.1B | $0.3B |
| P/E (trailing) | 13.4 | 16.5 |
| Dividend yield | 2.10% | 2.03% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FSBC | WNEB |
|---|---|---|
| 2022 | -7.2% | +11.0% |
| 2023 | -0.6% | -1.1% |
| 2024 | +18.6% | +6.0% |
| 2025 | +22.1% | +40.9% |
| 2026 | +28.8% | +10.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FSBC and WNEB good diversifiers for each other?
Only partially. A correlation of 0.68 means FSBC and WNEB 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 FSBC and WNEB?
As of 2026-08-27, the correlation of weekly returns between FSBC and WNEB is 0.68 over 3 years, 0.61 over 1 year and 0.49 over 5 years.
Is WNEB a good diversifier for FSBC?
Only partially. A correlation of 0.68 means FSBC and WNEB share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.68 mean?
On the −1 to +1 scale, 0.68 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fsbc-vs-wneb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fsbc-vs-wneb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FSBC correlations · WNEB correlations
