FSUN vs LOAN: Correlation
FirstSun Capital Bancorp (FSUN) and Manhattan Bridge Capital, Inc (LOAN) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FSUN and LOAN?
Over the past 3 years, FSUN and LOAN moved with a correlation of 0.36, which is moderate. The link has tightened recently: the 1-year correlation (0.50) runs above the 3-year figure (0.36). Over 5 years the correlation is 0.28, and the annualized covariance of weekly returns is 223.7 %².
By 3-year correlation, LOAN places #8 of the 13 assets tracked against FSUN. Their recent paths diverged sharply: over the last 12 months FSUN outperformed by 22.8 percentage points (+5.8% for FSUN against -17.0% for LOAN).
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.
FSUN vs LOAN: side by side
| FSUN (FirstSun Capital Bancorp) | LOAN (Manhattan Bridge Capital, Inc) | |
|---|---|---|
| 1-year return | +5.8% | -17.0% |
| 5-year return | n/a | -1.5% |
| Volatility (ann.) | 27.4% | 22.8% |
| Beta vs S&P 500 | 0.57 | 0.07 |
| Max drawdown (3Y) | -31.4% | -24.8% |
| Market cap | $1.8B | – |
| P/E (trailing) | 24.0 | 9.7 |
| Dividend yield | 0.00% | 11.17% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FSUN | LOAN |
|---|---|---|
| 2022 | – | +5.7% |
| 2023 | -6.7% | +2.2% |
| 2024 | +17.8% | +22.5% |
| 2025 | -6.0% | -9.4% |
| 2026 | +6.6% | -8.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FSUN and LOAN good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FSUN and LOAN?
The FSUN/LOAN correlation stands at 0.36 on a 3-year window (1 year: 0.50, 5 years: 0.28), computed from weekly returns as of 2026-08-27.
Is LOAN a good diversifier for FSUN?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.36 mean?
On the −1 to +1 scale, 0.36 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/fsun-vs-loan.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fsun-vs-loan/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FSUN correlations · LOAN correlations
