FSV vs RPM: Correlation
FirstService Corporation (FSV) and RPM International Inc. (RPM) show a moderate relationship: their 3-year correlation of weekly returns is 0.55.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FSV and RPM?
On 3 years of weekly data the FSV/RPM correlation comes out at 0.55, moderate. The relationship has been stable: the 1-year correlation (0.53) sits close to the 3-year figure. The 5-year figure is 0.52, and annualized covariance runs at 303.9 %².
RPM is one of the assets that tracks FSV most closely: it ranks #3 out of the 14 assets we track against FSV. Correlation aside, the last 12 months split them widely, with RPM ahead by 15.0 points (-29.3% versus -14.3%).
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 RPM: side by side
| FSV (FirstService Corporation) | RPM (RPM International Inc.) | |
|---|---|---|
| 1-year return | -29.3% | -14.3% |
| 5-year return | -21.9% | +38.7% |
| Volatility (ann.) | 22.3% | 25.0% |
| Beta vs S&P 500 | 0.62 | 0.85 |
| Max drawdown (3Y) | -39.4% | -32.0% |
| Market cap | $6.2B | $13.5B |
| P/E (trailing) | 40.7 | 20.7 |
| Dividend yield | 0.81% | 1.99% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FSV | RPM |
|---|---|---|
| 2022 | -37.2% | -1.7% |
| 2023 | +33.1% | +16.8% |
| 2024 | +12.3% | +12.1% |
| 2025 | -13.5% | -13.9% |
| 2026 | -8.9% | +3.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FSV and RPM good diversifiers for each other?
Only partially. A correlation of 0.55 means FSV and RPM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between FSV and RPM?
Using weekly returns as of 2026-08-27: 0.55 over 3 years, with 0.53 over the last year and 0.52 over 5 years.
Is RPM a good diversifier for FSV?
Only partially. A correlation of 0.55 means FSV and RPM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.55 mean?
On the −1 to +1 scale, 0.55 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
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Related comparisons
Hubs: FSV correlations · RPM correlations
