FSBW vs VABK: Correlation
How closely do FS Bancorp, Inc. (FSBW) and Virginia National Bankshares Corporation (VABK) trade together? Their weekly returns over three years give a correlation of 0.58, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FSBW and VABK?
Over the past 3 years, FSBW and VABK moved with a correlation of 0.58, which is moderate. The link has loosened recently: the 1-year correlation (0.41) runs below the 3-year figure (0.58). Over 5 years the correlation is 0.50, and the annualized covariance of weekly returns is 566.7 %².
Within FSBW's tracked universe of 23 assets, VABK comes in at #10 by 3-year correlation. On 12-month performance VABK holds a 12.5-point edge, +3.5% against +16.0%.
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 VABK: side by side
| FSBW (FS Bancorp, Inc.) | VABK (Virginia National Bankshares Corporation) | |
|---|---|---|
| 1-year return | +3.5% | +16.0% |
| 5-year return | +47.7% | +50.7% |
| Volatility (ann.) | 27.5% | 35.4% |
| Beta vs S&P 500 | 0.69 | 0.71 |
| Max drawdown (3Y) | -26.1% | -40.9% |
| Market cap | $0.3B | $0.3B |
| P/E (trailing) | 9.7 | 10.1 |
| Dividend yield | 2.69% | 3.10% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FSBW | VABK |
|---|---|---|
| 2022 | +2.4% | +0.3% |
| 2023 | +14.1% | -2.5% |
| 2024 | +14.3% | +15.5% |
| 2025 | +3.7% | +8.2% |
| 2026 | +5.9% | +19.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FSBW and VABK good diversifiers for each other?
Only partially. A correlation of 0.58 means FSBW and VABK 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 VABK?
As of 2026-08-27, the correlation of weekly returns between FSBW and VABK is 0.58 over 3 years, 0.41 over 1 year and 0.50 over 5 years.
Is VABK a good diversifier for FSBW?
Only partially. A correlation of 0.58 means FSBW and VABK share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.58 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-vabk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fsbw-vs-vabk/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FSBW correlations · VABK correlations
