FSBW vs GENC: Correlation
FS Bancorp, Inc. (FSBW) and Gencor Industries, Inc. (GENC) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FSBW and GENC?
Across a 3-year window, the weekly returns of FSBW and GENC correlate at 0.52, moderate. The past 12 months show a weaker link (0.29) than the 3-year average (0.52). Stretching to 5 years gives 0.37, with an annualized covariance of 520.2 %².
Within FSBW's tracked universe of 23 assets, GENC comes in at #13 by 3-year correlation. On 12-month performance GENC holds a 12.4-point edge, +3.5% against +15.9%.
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 GENC: side by side
| FSBW (FS Bancorp, Inc.) | GENC (Gencor Industries, Inc.) | |
|---|---|---|
| 1-year return | +3.5% | +15.9% |
| 5-year return | +47.7% | +63.6% |
| Volatility (ann.) | 27.5% | 36.4% |
| Beta vs S&P 500 | 0.69 | 0.83 |
| Max drawdown (3Y) | -26.1% | -55.7% |
| Market cap | $0.3B | $0.3B |
| P/E (trailing) | 9.7 | 18.7 |
| Dividend yield | 2.69% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FSBW | GENC |
|---|---|---|
| 2022 | +2.4% | -12.4% |
| 2023 | +14.1% | +59.8% |
| 2024 | +14.3% | +9.4% |
| 2025 | +3.7% | -26.6% |
| 2026 | +5.9% | +47.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FSBW and GENC good diversifiers for each other?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between FSBW and GENC?
As of 2026-08-27, the correlation of weekly returns between FSBW and GENC is 0.52 over 3 years, 0.29 over 1 year and 0.37 over 5 years.
Is GENC a good diversifier for FSBW?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.52 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
$ curl https://www.pairbook.io/api/v1/pairs/fsbw-vs-genc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fsbw-vs-genc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FSBW correlations · GENC correlations
