FSEA vs WALD: Correlation
How closely do First Seacoast Bancorp, Inc. (FSEA) and Waldencast plc - Class A (WALD) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FSEA and WALD?
Over the past 3 years, FSEA and WALD moved with a correlation of 0.45, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.57 versus 0.45 over 3 years. Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 1405.5 %².
Among the 47 assets we track against FSEA, WALD ranks #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months FSEA outperformed by 64.9 percentage points (+48.9% for FSEA against -16.0% for WALD). Note the risk asymmetry: WALD runs 2.9 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 WALD: side by side
| FSEA (First Seacoast Bancorp, Inc.) | WALD (Waldencast plc - Class A) | |
|---|---|---|
| 1-year return | +48.9% | -16.0% |
| 5-year return | +44.2% | -86.1% |
| Volatility (ann.) | 33.2% | 95.0% |
| Beta vs S&P 500 | 0.19 | 0.48 |
| Max drawdown (3Y) | -21.5% | -93.4% |
| Market cap | $0.1B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FSEA | WALD |
|---|---|---|
| 2022 | -10.5% | -8.8% |
| 2023 | -32.7% | +20.6% |
| 2024 | +30.6% | -63.3% |
| 2025 | +31.5% | -53.2% |
| 2026 | +29.7% | -27.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FSEA and WALD good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FSEA and WALD?
As of 2026-08-27, the correlation of weekly returns between FSEA and WALD is 0.45 over 3 years, 0.57 over 1 year and 0.37 over 5 years.
Is WALD a good diversifier for FSEA?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.45 mean?
A reading of 0.45 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-wald.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fsea-vs-wald/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FSEA correlations · WALD correlations
