FSEA vs PTLO: Correlation
Measured on weekly returns over the past three years, First Seacoast Bancorp, Inc. (FSEA) and Portillo's Inc. (PTLO) carry a correlation of -0.32, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FSEA and PTLO?
Across a 3-year window, the weekly returns of FSEA and PTLO correlate at -0.32, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.57 versus -0.32 over 3 years. Stretching to 5 years gives -0.20, with an annualized covariance of -559.7 %².
Within FSEA's tracked universe of 47 assets, PTLO comes in at #36 by 3-year correlation. The last year tells two different stories: FSEA led by 84.9 percentage points, +48.9% for FSEA against -36.0% for PTLO. One caveat on sizing: PTLO is 1.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 PTLO: side by side
| FSEA (First Seacoast Bancorp, Inc.) | PTLO (Portillo's Inc.) | |
|---|---|---|
| 1-year return | +48.9% | -36.0% |
| 5-year return | +44.2% | -84.6% |
| Volatility (ann.) | 33.2% | 52.1% |
| Beta vs S&P 500 | 0.19 | 0.82 |
| Max drawdown (3Y) | -21.5% | -79.5% |
| Market cap | $0.1B | $0.3B |
| P/E (trailing) | – | 24.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FSEA | PTLO |
|---|---|---|
| 2022 | -10.5% | -56.5% |
| 2023 | -32.7% | -2.4% |
| 2024 | +30.6% | -41.0% |
| 2025 | +31.5% | -51.7% |
| 2026 | +29.7% | -1.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FSEA and PTLO good diversifiers for each other?
Yes. With a correlation of -0.32, FSEA and PTLO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FSEA and PTLO?
As of 2026-08-27, the correlation of weekly returns between FSEA and PTLO is -0.32 over 3 years, -0.57 over 1 year and -0.20 over 5 years.
Is PTLO a good diversifier for FSEA?
Yes. With a correlation of -0.32, FSEA and PTLO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.32 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.
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Related comparisons
Hubs: FSEA correlations · PTLO correlations
