FSBW vs FVCB: Correlation
How closely do FS Bancorp, Inc. (FSBW) and FVCBankcorp, Inc. (FVCB) trade together? Their weekly returns over three years give a correlation of 0.74, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FSBW and FVCB?
Over the past 3 years, FSBW and FVCB moved with a correlation of 0.74, which is strong. The past 12 months show a weaker link (0.63) than the 3-year average (0.74). Over 5 years the correlation is 0.62, and the annualized covariance of weekly returns is 720.1 %².
Among the 23 assets we track against FSBW, FVCB ranks #7 by 3-year correlation. The last year tells two different stories: FVCB led by 33.1 percentage points, +3.5% for FSBW against +36.6% for FVCB.
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.
FSBW vs FVCB: side by side
| FSBW (FS Bancorp, Inc.) | FVCB (FVCBankcorp, Inc.) | |
|---|---|---|
| 1-year return | +3.5% | +36.6% |
| 5-year return | +47.7% | +19.5% |
| Volatility (ann.) | 27.5% | 35.2% |
| Beta vs S&P 500 | 0.69 | 0.80 |
| Max drawdown (3Y) | -26.1% | -34.3% |
| Market cap | $0.3B | $0.3B |
| P/E (trailing) | 9.7 | 12.7 |
| Dividend yield | 2.69% | 1.43% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FSBW | FVCB |
|---|---|---|
| 2022 | +2.4% | -3.1% |
| 2023 | +14.1% | -6.9% |
| 2024 | +14.3% | -11.5% |
| 2025 | +3.7% | +11.7% |
| 2026 | +5.9% | +33.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FSBW and FVCB good diversifiers for each other?
Only partially. A correlation of 0.74 means FSBW and FVCB 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 FSBW and FVCB?
As of 2026-08-27, the correlation of weekly returns between FSBW and FVCB is 0.74 over 3 years, 0.63 over 1 year and 0.62 over 5 years.
Is FVCB a good diversifier for FSBW?
Only partially. A correlation of 0.74 means FSBW and FVCB share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.74 mean?
A reading of 0.74 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/fsbw-vs-fvcb.json
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Related comparisons
Hubs: FSBW correlations · FVCB correlations
