FSEA vs ULH: Correlation
First Seacoast Bancorp, Inc. (FSEA) and Universal Logistics Holdings, Inc. (ULH) show a negative relationship: their 3-year correlation of weekly returns is -0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FSEA and ULH?
Over the past 3 years, FSEA and ULH moved with a correlation of -0.30, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.50) runs below the 3-year figure (-0.30). Over 5 years the correlation is -0.22, and the annualized covariance of weekly returns is -675.0 %².
Within FSEA's tracked universe of 47 assets, ULH comes in at #35 by 3-year correlation. The last year tells two different stories: FSEA led by 74.9 percentage points, +48.9% for FSEA against -26.0% for ULH. One caveat on sizing: ULH is 2.1 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 ULH: side by side
| FSEA (First Seacoast Bancorp, Inc.) | ULH (Universal Logistics Holdings, Inc.) | |
|---|---|---|
| 1-year return | +48.9% | -26.0% |
| 5-year return | +44.2% | -5.6% |
| Volatility (ann.) | 33.2% | 68.3% |
| Beta vs S&P 500 | 0.19 | 1.46 |
| Max drawdown (3Y) | -21.5% | -76.1% |
| Market cap | $0.1B | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 2.19% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FSEA | ULH |
|---|---|---|
| 2022 | -10.5% | +79.9% |
| 2023 | -32.7% | -14.9% |
| 2024 | +30.6% | +65.6% |
| 2025 | +31.5% | -66.3% |
| 2026 | +29.7% | +26.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FSEA and ULH good diversifiers for each other?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
FAQ
What is the correlation between FSEA and ULH?
Using weekly returns as of 2026-08-27: -0.30 over 3 years, with -0.50 over the last year and -0.22 over 5 years.
Is ULH a good diversifier for FSEA?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
What does a correlation of -0.30 mean?
On the −1 to +1 scale, -0.30 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-ulh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fsea-vs-ulh/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FSEA correlations · ULH correlations
