FUSB vs ONCO: Correlation
First US Bancshares, Inc. (FUSB) and Onconetix, Inc. (ONCO) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FUSB and ONCO?
Over the past 3 years, FUSB and ONCO moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.01) than the 3-year average (-0.23). Over 5 years the correlation is -0.06, and the annualized covariance of weekly returns is -862.6 %².
Out of 16 assets tracked against FUSB, ONCO lands near the bottom at #14. Correlation aside, the last 12 months split them widely, with FUSB ahead by 153.9 points (+54.3% versus -99.6%). Note the risk asymmetry: ONCO runs 5.6 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.
FUSB vs ONCO: side by side
| FUSB (First US Bancshares, Inc.) | ONCO (Onconetix, Inc.) | |
|---|---|---|
| 1-year return | +54.3% | -99.6% |
| 5-year return | +66.8% | -100.0% |
| Volatility (ann.) | 26.1% | 145.0% |
| Beta vs S&P 500 | 0.21 | 1.80 |
| Max drawdown (3Y) | -23.2% | -100.0% |
| Market cap | $0.1B | – |
| P/E (trailing) | 12.4 | 0.0 |
| Dividend yield | 1.70% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FUSB | ONCO |
|---|---|---|
| 2022 | -16.7% | – |
| 2023 | +21.6% | -82.0% |
| 2024 | +24.5% | -92.0% |
| 2025 | +13.4% | -97.1% |
| 2026 | +18.1% | -99.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FUSB and ONCO good diversifiers for each other?
Yes. With a correlation of -0.23, FUSB and ONCO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FUSB and ONCO?
The FUSB/ONCO correlation stands at -0.23 on a 3-year window (1 year: 0.01, 5 years: -0.06), computed from weekly returns as of 2026-08-27.
Is ONCO a good diversifier for FUSB?
Yes. With a correlation of -0.23, FUSB and ONCO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fusb-vs-onco.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fusb-vs-onco/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FUSB correlations · ONCO correlations
