FUSB vs SHFS: Correlation
First US Bancshares, Inc. (FUSB) and SHF Holdings, Inc. (SHFS) show a negative relationship: their 3-year correlation of weekly returns is -0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FUSB and SHFS?
On 3 years of weekly data the FUSB/SHFS correlation comes out at -0.18, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.42 versus -0.18 over 3 years. The 5-year figure is -0.05, and annualized covariance runs at -695.3 %².
By 3-year correlation, SHFS places #9 of the 16 assets tracked against FUSB. Their recent paths diverged sharply: over the last 12 months FUSB outperformed by 147.2 percentage points (+54.3% for FUSB against -92.9% for SHFS). One caveat on sizing: SHFS is 5.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 SHFS: side by side
| FUSB (First US Bancshares, Inc.) | SHFS (SHF Holdings, Inc.) | |
|---|---|---|
| 1-year return | +54.3% | -92.9% |
| 5-year return | +66.8% | -99.9% |
| Volatility (ann.) | 26.1% | 150.8% |
| Beta vs S&P 500 | 0.21 | 1.27 |
| Max drawdown (3Y) | -23.2% | -99.4% |
| Market cap | $0.1B | – |
| P/E (trailing) | 12.4 | – |
| Dividend yield | 1.70% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FUSB | SHFS |
|---|---|---|
| 2022 | -16.7% | -82.4% |
| 2023 | +21.6% | -20.0% |
| 2024 | +24.5% | -68.3% |
| 2025 | +13.4% | -88.2% |
| 2026 | +18.1% | -84.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FUSB and SHFS good diversifiers for each other?
Yes. With a correlation of -0.18, FUSB and SHFS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FUSB and SHFS?
As of 2026-08-27, the correlation of weekly returns between FUSB and SHFS is -0.18 over 3 years, -0.42 over 1 year and -0.05 over 5 years.
Is SHFS a good diversifier for FUSB?
Yes. With a correlation of -0.18, FUSB and SHFS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.18 mean?
A reading of -0.18 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/fusb-vs-shfs.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fusb-vs-shfs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FUSB correlations · SHFS correlations
