FSBW vs RLGT: Correlation
Measured on weekly returns over the past three years, FS Bancorp, Inc. (FSBW) and Radiant Logistics, Inc. (RLGT) carry a correlation of 0.64, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FSBW and RLGT?
On 3 years of weekly data the FSBW/RLGT correlation comes out at 0.64, strong. The past 12 months show a weaker link (0.52) than the 3-year average (0.64). The 5-year figure is 0.46, and annualized covariance runs at 546.3 %².
Among the 23 assets we track against FSBW, RLGT ranks #9 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months RLGT outperformed by 31.3 percentage points (+3.5% for FSBW against +34.8% for RLGT).
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 RLGT: side by side
| FSBW (FS Bancorp, Inc.) | RLGT (Radiant Logistics, Inc.) | |
|---|---|---|
| 1-year return | +3.5% | +34.8% |
| 5-year return | +47.7% | +31.8% |
| Volatility (ann.) | 27.5% | 31.1% |
| Beta vs S&P 500 | 0.69 | 0.98 |
| Max drawdown (3Y) | -26.1% | -29.3% |
| Market cap | $0.3B | $0.4B |
| P/E (trailing) | 9.7 | 25.6 |
| Dividend yield | 2.69% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FSBW | RLGT |
|---|---|---|
| 2022 | +2.4% | -30.2% |
| 2023 | +14.1% | +30.5% |
| 2024 | +14.3% | +0.9% |
| 2025 | +3.7% | -5.5% |
| 2026 | +5.9% | +37.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FSBW and RLGT good diversifiers for each other?
Only partially. A correlation of 0.64 means FSBW and RLGT 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 RLGT?
The FSBW/RLGT correlation stands at 0.64 on a 3-year window (1 year: 0.52, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is RLGT a good diversifier for FSBW?
Only partially. A correlation of 0.64 means FSBW and RLGT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.64 mean?
On the −1 to +1 scale, 0.64 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/fsbw-vs-rlgt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fsbw-vs-rlgt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FSBW correlations · RLGT correlations
