FSEA vs L: Correlation
First Seacoast Bancorp, Inc. (FSEA) and Loews Corporation (L) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FSEA and L?
Over the past 3 years, FSEA and L moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.32 versus -0.19 over 3 years. Over 5 years the correlation is -0.05, and the annualized covariance of weekly returns is -106.6 %².
By 3-year correlation, L places #16 of the 47 assets tracked against FSEA. The last year tells two different stories: FSEA led by 34.7 percentage points, +48.9% for FSEA against +14.2% for L. Note the risk asymmetry: FSEA runs 2.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 L: side by side
| FSEA (First Seacoast Bancorp, Inc.) | L (Loews Corporation) | |
|---|---|---|
| 1-year return | +48.9% | +14.2% |
| 5-year return | +44.2% | +100.1% |
| Volatility (ann.) | 33.2% | 16.6% |
| Beta vs S&P 500 | 0.19 | 0.33 |
| Max drawdown (3Y) | -21.5% | -12.2% |
| Market cap | $0.1B | $22.5B |
| P/E (trailing) | – | 13.5 |
| Dividend yield | 0.00% | 0.23% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | FSEA | L |
|---|---|---|
| 2022 | -10.5% | +1.4% |
| 2023 | -32.7% | +19.8% |
| 2024 | +30.6% | +22.1% |
| 2025 | +31.5% | +24.7% |
| 2026 | +29.7% | +4.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FSEA and L good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between FSEA and L?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with -0.32 over the last year and -0.05 over 5 years.
Is L a good diversifier for FSEA?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 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/fsea-vs-l.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fsea-vs-l/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FSEA correlations · L correlations
