FSEA vs GBTG: Correlation
How closely do First Seacoast Bancorp, Inc. (FSEA) and Global Business Travel Group, Inc. (GBTG) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FSEA and GBTG?
Over the past 3 years, FSEA and GBTG moved with a correlation of 0.52, which is moderate. The link has tightened recently: the 1-year correlation (0.72) runs above the 3-year figure (0.52). Over 5 years the correlation is 0.43, and the annualized covariance of weekly returns is 877.4 %².
Within FSEA's tracked universe of 47 assets, GBTG comes in at #4 by 3-year correlation. The last year tells two different stories: FSEA led by 34.1 percentage points, +48.9% for FSEA against +14.8% for GBTG. Risk is not evenly split, since GBTG carries 1.5 times the volatility of the other side.
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.
FSEA vs GBTG: side by side
| FSEA (First Seacoast Bancorp, Inc.) | GBTG (Global Business Travel Group, Inc.) | |
|---|---|---|
| 1-year return | +48.9% | +14.8% |
| 5-year return | +44.2% | n/a |
| Volatility (ann.) | 33.2% | 50.5% |
| Beta vs S&P 500 | 0.19 | 1.39 |
| Max drawdown (3Y) | -21.5% | -48.0% |
| Market cap | $0.1B | $4.9B |
| P/E (trailing) | – | 59.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FSEA | GBTG |
|---|---|---|
| 2022 | -10.5% | – |
| 2023 | -32.7% | -4.4% |
| 2024 | +30.6% | +43.9% |
| 2025 | +31.5% | -17.6% |
| 2026 | +29.7% | +23.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FSEA and GBTG good diversifiers for each other?
Only partially. A correlation of 0.52 means FSEA and GBTG 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 FSEA and GBTG?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.72 over the last year and 0.43 over 5 years.
Is GBTG a good diversifier for FSEA?
Only partially. A correlation of 0.52 means FSEA and GBTG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.52 mean?
On the −1 to +1 scale, 0.52 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/fsea-vs-gbtg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fsea-vs-gbtg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FSEA correlations · GBTG correlations
