FSEA vs TRDA: Correlation
First Seacoast Bancorp, Inc. (FSEA) and Entrada Therapeutics, Inc. (TRDA) show a negative relationship: their 3-year correlation of weekly returns is -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FSEA and TRDA?
Across a 3-year window, the weekly returns of FSEA and TRDA correlate at -0.27, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.62 versus -0.27 over 3 years. Stretching to 5 years gives -0.18, with an annualized covariance of -617.3 %².
By 3-year correlation, TRDA places #30 of the 47 assets tracked against FSEA. Correlation aside, the last 12 months split them widely, with FSEA ahead by 20.9 points (+48.9% versus +28.0%). Note the risk asymmetry: TRDA runs 2.1 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 TRDA: side by side
| FSEA (First Seacoast Bancorp, Inc.) | TRDA (Entrada Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +48.9% | +28.0% |
| 5-year return | +44.2% | -69.6% |
| Volatility (ann.) | 33.2% | 69.2% |
| Beta vs S&P 500 | 0.19 | 1.19 |
| Max drawdown (3Y) | -21.5% | -76.7% |
| Market cap | $0.1B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FSEA | TRDA |
|---|---|---|
| 2022 | -10.5% | -21.0% |
| 2023 | -32.7% | +11.6% |
| 2024 | +30.6% | +14.6% |
| 2025 | +31.5% | -40.5% |
| 2026 | +29.7% | -29.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FSEA and TRDA good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FSEA and TRDA?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with -0.62 over the last year and -0.18 over 5 years.
Is TRDA a good diversifier for FSEA?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.27 mean?
A reading of -0.27 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fsea-vs-trda.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fsea-vs-trda/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FSEA correlations · TRDA correlations
