FSBW vs PCB: Correlation
Measured on weekly returns over the past three years, FS Bancorp, Inc. (FSBW) and PCB Bancorp (PCB) carry a correlation of 0.79, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FSBW and PCB?
On 3 years of weekly data the FSBW/PCB correlation comes out at 0.79, strong. The relationship has been stable: the 1-year correlation (0.80) sits close to the 3-year figure. The 5-year figure is 0.67, and annualized covariance runs at 573.4 %².
Among the 23 assets we track against FSBW, PCB ranks #4 by 3-year correlation. The last year tells two different stories: PCB led by 25.6 percentage points, +3.5% for FSBW against +29.1% for PCB.
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 PCB: side by side
| FSBW (FS Bancorp, Inc.) | PCB (PCB Bancorp) | |
|---|---|---|
| 1-year return | +3.5% | +29.1% |
| 5-year return | +47.7% | +74.8% |
| Volatility (ann.) | 27.5% | 26.3% |
| Beta vs S&P 500 | 0.69 | 0.69 |
| Max drawdown (3Y) | -26.1% | -22.8% |
| Market cap | $0.3B | $0.4B |
| P/E (trailing) | 9.7 | 9.5 |
| Dividend yield | 2.69% | 3.04% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FSBW | PCB |
|---|---|---|
| 2022 | +2.4% | -17.0% |
| 2023 | +14.1% | +8.9% |
| 2024 | +14.3% | +14.6% |
| 2025 | +3.7% | +11.2% |
| 2026 | +5.9% | +30.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FSBW and PCB good diversifiers for each other?
To a limited degree. At 0.79 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 PCB?
Using weekly returns as of 2026-08-27: 0.79 over 3 years, with 0.80 over the last year and 0.67 over 5 years.
Is PCB a good diversifier for FSBW?
To a limited degree. At 0.79 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 0.79 mean?
A reading of 0.79 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-pcb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fsbw-vs-pcb/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FSBW correlations · PCB correlations
