FSEA vs SPY: Correlation
First Seacoast Bancorp, Inc. (FSEA) and SPDR S&P 500 ETF Trust (SPY) show a near-zero relationship: their 3-year correlation of weekly returns is 0.08.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FSEA and SPY?
Across a 3-year window, the weekly returns of FSEA and SPY correlate at 0.08, near zero, meaning they move largely independently. Recent behaviour matches the longer record: 0.04 over 1 year against 0.08 over 3. Stretching to 5 years gives 0.10, with an annualized covariance of 38.9 %².
By 3-year correlation, SPY places #13 of the 47 assets tracked against FSEA. Their recent paths diverged sharply: over the last 12 months FSEA outperformed by 28.3 percentage points (+48.9% for FSEA against +20.6% for SPY). Note the risk asymmetry: FSEA runs 2.3 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 SPY: side by side
| FSEA (First Seacoast Bancorp, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +48.9% | +20.6% |
| 5-year return | +44.2% | +82.4% |
| Volatility (ann.) | 33.2% | 14.5% |
| Beta vs S&P 500 | 0.19 | 1.00 |
| Max drawdown (3Y) | -21.5% | -18.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.01% |
| Expense ratio | – | 0.09% |
| Assets under management | – | $795.3B |
| Sector / category | US Listed | ETF · US Large Cap |
SPY is a Large Blend fund from State Street Investment Management: $795.3B under management, 504 holdings, a 0.09% expense ratio, a 1.01% trailing dividend yield.
Year-by-year returns
| Year | FSEA | SPY |
|---|---|---|
| 2022 | -10.5% | -18.2% |
| 2023 | -32.7% | +26.2% |
| 2024 | +30.6% | +24.9% |
| 2025 | +31.5% | +17.7% |
| 2026 | +29.7% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FSEA and SPY good diversifiers for each other?
By historical standards, yes. A correlation of 0.08 means the two rarely move for the same reasons.
FAQ
What is the correlation between FSEA and SPY?
Using weekly returns as of 2026-08-27: 0.08 over 3 years, with 0.04 over the last year and 0.10 over 5 years.
Is SPY a good diversifier for FSEA?
By historical standards, yes. A correlation of 0.08 means the two rarely move for the same reasons.
What does a correlation of 0.08 mean?
On the −1 to +1 scale, 0.08 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.
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Related comparisons
Hubs: FSEA correlations · SPY correlations
