FSEA vs SLRC: Correlation
Measured on weekly returns over the past three years, First Seacoast Bancorp, Inc. (FSEA) and SLR Investment Corp. - Closed End Fund (SLRC) carry a correlation of -0.39, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FSEA and SLRC?
Across a 3-year window, the weekly returns of FSEA and SLRC correlate at -0.39, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.66 versus -0.39 over 3 years. Stretching to 5 years gives -0.23, with an annualized covariance of -250.6 %².
Out of 47 assets tracked against FSEA, SLRC lands near the bottom at #44. The last year tells two different stories: FSEA led by 64.6 percentage points, +48.9% for FSEA against -15.7% for SLRC. One caveat on sizing: FSEA is 1.7 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 SLRC: side by side
| FSEA (First Seacoast Bancorp, Inc.) | SLRC (SLR Investment Corp. - Closed End Fund) | |
|---|---|---|
| 1-year return | +48.9% | -15.7% |
| 5-year return | +44.2% | +11.2% |
| Volatility (ann.) | 33.2% | 19.4% |
| Beta vs S&P 500 | 0.19 | 0.56 |
| Max drawdown (3Y) | -21.5% | -22.4% |
| Market cap | $0.1B | $0.7B |
| P/E (trailing) | – | 9.2 |
| Dividend yield | 0.00% | 12.31% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FSEA | SLRC |
|---|---|---|
| 2022 | -10.5% | -16.1% |
| 2023 | -32.7% | +20.6% |
| 2024 | +30.6% | +19.1% |
| 2025 | +31.5% | +5.7% |
| 2026 | +29.7% | -14.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FSEA and SLRC good diversifiers for each other?
Yes: at -0.39, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FSEA and SLRC?
The FSEA/SLRC correlation stands at -0.39 on a 3-year window (1 year: -0.66, 5 years: -0.23), computed from weekly returns as of 2026-08-27.
Is SLRC a good diversifier for FSEA?
Yes: at -0.39, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.39 mean?
On the −1 to +1 scale, -0.39 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-slrc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fsea-vs-slrc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FSEA correlations · SLRC correlations
