FSBW vs RVSB: Correlation
Measured on weekly returns over the past three years, FS Bancorp, Inc. (FSBW) and Riverview Bancorp Inc (RVSB) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FSBW and RVSB?
On 3 years of weekly data the FSBW/RVSB correlation comes out at 0.47, moderate. Little has changed lately, as the 1-year reading of 0.52 lands near the 3-year figure. The 5-year figure is 0.47, and annualized covariance runs at 332.7 %².
Within FSBW's tracked universe of 23 assets, RVSB comes in at #16 by 3-year correlation. Neither side won the trailing year by much: +3.5% against +3.1%.
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 RVSB: side by side
| FSBW (FS Bancorp, Inc.) | RVSB (Riverview Bancorp Inc) | |
|---|---|---|
| 1-year return | +3.5% | +3.1% |
| 5-year return | +47.7% | -17.9% |
| Volatility (ann.) | 27.5% | 25.6% |
| Beta vs S&P 500 | 0.69 | 0.17 |
| Max drawdown (3Y) | -26.1% | -42.5% |
| Market cap | $0.3B | $0.1B |
| P/E (trailing) | 9.7 | – |
| Dividend yield | 2.69% | 1.55% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FSBW | RVSB |
|---|---|---|
| 2022 | +2.4% | +3.2% |
| 2023 | +14.1% | -13.1% |
| 2024 | +14.3% | -7.4% |
| 2025 | +3.7% | -11.3% |
| 2026 | +5.9% | +4.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FSBW and RVSB good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FSBW and RVSB?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.52 over the last year and 0.47 over 5 years.
Is RVSB a good diversifier for FSBW?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 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-rvsb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fsbw-vs-rvsb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FSBW correlations · RVSB correlations
