FSV vs INTG: Correlation
FirstService Corporation (FSV) and The Intergroup Corporation (INTG) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FSV and INTG?
Across a 3-year window, the weekly returns of FSV and INTG correlate at -0.22, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.32 over 1 year against -0.22 over 3. Stretching to 5 years gives -0.12, with an annualized covariance of -294.5 %².
Among the 14 assets we track against FSV, INTG sits near the bottom by co-movement, at rank #11. Correlation aside, the last 12 months split them widely, with INTG ahead by 168.7 points (-29.3% versus +139.4%). Note the risk asymmetry: INTG runs 2.7 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.
FSV vs INTG: side by side
| FSV (FirstService Corporation) | INTG (The Intergroup Corporation) | |
|---|---|---|
| 1-year return | -29.3% | +139.4% |
| 5-year return | -21.9% | -26.6% |
| Volatility (ann.) | 22.3% | 61.2% |
| Beta vs S&P 500 | 0.62 | 0.19 |
| Max drawdown (3Y) | -39.4% | -71.1% |
| Market cap | $6.2B | $0.1B |
| P/E (trailing) | 40.7 | – |
| Dividend yield | 0.81% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FSV | INTG |
|---|---|---|
| 2022 | -37.2% | -7.6% |
| 2023 | +33.1% | -58.3% |
| 2024 | +12.3% | -27.4% |
| 2025 | -13.5% | +98.9% |
| 2026 | -8.9% | +23.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FSV and INTG good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FSV and INTG?
As of 2026-08-27, the correlation of weekly returns between FSV and INTG is -0.22 over 3 years, -0.32 over 1 year and -0.12 over 5 years.
Is INTG a good diversifier for FSV?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: FSV correlations · INTG correlations
