FSBW vs RBCAA: Correlation
Measured on weekly returns over the past three years, FS Bancorp, Inc. (FSBW) and Republic Bancorp, Inc. (RBCAA) 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 RBCAA?
On 3 years of weekly data the FSBW/RBCAA correlation comes out at 0.79, strong. Lately the two have drifted apart, with the 1-year correlation at 0.59 versus 0.79 over 3 years. The 5-year figure is 0.66, and annualized covariance runs at 612.3 %².
Within FSBW's tracked universe of 23 assets, RBCAA comes in at #5 by 3-year correlation. The last year tells two different stories: RBCAA led by 21.6 percentage points, +3.5% for FSBW against +25.1% for RBCAA.
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 RBCAA: side by side
| FSBW (FS Bancorp, Inc.) | RBCAA (Republic Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +3.5% | +25.1% |
| 5-year return | +47.7% | +117.3% |
| Volatility (ann.) | 27.5% | 28.1% |
| Beta vs S&P 500 | 0.69 | 0.68 |
| Max drawdown (3Y) | -26.1% | -21.6% |
| Market cap | $0.3B | $1.8B |
| P/E (trailing) | 9.7 | 14.4 |
| Dividend yield | 2.69% | 2.01% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FSBW | RBCAA |
|---|---|---|
| 2022 | +2.4% | -16.9% |
| 2023 | +14.1% | +39.4% |
| 2024 | +14.3% | +30.3% |
| 2025 | +3.7% | +1.3% |
| 2026 | +5.9% | +38.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FSBW and RBCAA good diversifiers for each other?
Somewhat, no more. With 0.79 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between FSBW and RBCAA?
The FSBW/RBCAA correlation stands at 0.79 on a 3-year window (1 year: 0.59, 5 years: 0.66), computed from weekly returns as of 2026-08-27.
Is RBCAA a good diversifier for FSBW?
Somewhat, no more. With 0.79 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.79 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-rbcaa.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fsbw-vs-rbcaa/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FSBW correlations · RBCAA correlations
