FSBW vs WEYS: Correlation
FS Bancorp, Inc. (FSBW) and Weyco Group, Inc. (WEYS) show a moderate relationship: their 3-year correlation of weekly returns is 0.50.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FSBW and WEYS?
On 3 years of weekly data the FSBW/WEYS correlation comes out at 0.50, moderate. Recent behaviour matches the longer record: 0.44 over 1 year against 0.50 over 3. The 5-year figure is 0.37, and annualized covariance runs at 481.2 %².
Among the 23 assets we track against FSBW, WEYS ranks #15 by 3-year correlation. The last year tells two different stories: WEYS led by 56.2 percentage points, +3.5% for FSBW against +59.7% for WEYS.
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 WEYS: side by side
| FSBW (FS Bancorp, Inc.) | WEYS (Weyco Group, Inc.) | |
|---|---|---|
| 1-year return | +3.5% | +59.7% |
| 5-year return | +47.7% | +157.8% |
| Volatility (ann.) | 27.5% | 35.3% |
| Beta vs S&P 500 | 0.69 | 1.01 |
| Max drawdown (3Y) | -26.1% | -29.0% |
| Market cap | $0.3B | $0.4B |
| P/E (trailing) | 9.7 | 12.5 |
| Dividend yield | 2.69% | 2.43% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FSBW | WEYS |
|---|---|---|
| 2022 | +2.4% | -8.3% |
| 2023 | +14.1% | +54.0% |
| 2024 | +14.3% | +30.4% |
| 2025 | +3.7% | -10.5% |
| 2026 | +5.9% | +49.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FSBW and WEYS good diversifiers for each other?
To a limited degree. At 0.50 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 WEYS?
The FSBW/WEYS correlation stands at 0.50 on a 3-year window (1 year: 0.44, 5 years: 0.37), computed from weekly returns as of 2026-08-27.
Is WEYS a good diversifier for FSBW?
To a limited degree. At 0.50 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 0.50 mean?
A reading of 0.50 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
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Related comparisons
Hubs: FSBW correlations · WEYS correlations
