FSEA vs LDOS: Correlation
How closely do First Seacoast Bancorp, Inc. (FSEA) and Leidos (LDOS) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FSEA and LDOS?
Over the past 3 years, FSEA and LDOS moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.35) than the 3-year average (-0.24). Over 5 years the correlation is -0.12, and the annualized covariance of weekly returns is -248.2 %².
Within FSEA's tracked universe of 47 assets, LDOS comes in at #24 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months FSEA outperformed by 71.8 percentage points (+48.9% for FSEA against -22.9% for LDOS).
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 LDOS: side by side
| FSEA (First Seacoast Bancorp, Inc.) | LDOS (Leidos) | |
|---|---|---|
| 1-year return | +48.9% | -22.9% |
| 5-year return | +44.2% | +52.1% |
| Volatility (ann.) | 33.2% | 31.4% |
| Beta vs S&P 500 | 0.19 | 0.87 |
| Max drawdown (3Y) | -21.5% | -49.5% |
| Market cap | $0.1B | $17.6B |
| P/E (trailing) | – | 12.8 |
| Dividend yield | 0.00% | 1.23% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | FSEA | LDOS |
|---|---|---|
| 2022 | -10.5% | +20.0% |
| 2023 | -32.7% | +4.5% |
| 2024 | +30.6% | +34.5% |
| 2025 | +31.5% | +26.5% |
| 2026 | +29.7% | -22.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FSEA and LDOS good diversifiers for each other?
Yes. With a correlation of -0.24, FSEA and LDOS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FSEA and LDOS?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.35 over the last year and -0.12 over 5 years.
Is LDOS a good diversifier for FSEA?
Yes. With a correlation of -0.24, FSEA and LDOS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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-ldos.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fsea-vs-ldos/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FSEA correlations · LDOS correlations
