FXNC vs IVDA: Correlation
Measured on weekly returns over the past three years, First National Corporation (FXNC) and Iveda Solutions, Inc. (IVDA) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FXNC and IVDA?
Over the past 3 years, FXNC and IVDA moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.19) sits close to the 3-year figure. Over 5 years the correlation is -0.10, and the annualized covariance of weekly returns is -709.0 %².
Among the 13 assets we track against FXNC, IVDA sits near the bottom by co-movement, at rank #9. Correlation aside, the last 12 months split them widely, with FXNC ahead by 117.7 points (+35.9% versus -81.8%). One caveat on sizing: IVDA is 4.6 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.
FXNC vs IVDA: side by side
| FXNC (First National Corporation) | IVDA (Iveda Solutions, Inc.) | |
|---|---|---|
| 1-year return | +35.9% | -81.8% |
| 5-year return | +71.2% | -99.2% |
| Volatility (ann.) | 27.4% | 125.9% |
| Beta vs S&P 500 | 0.50 | 1.47 |
| Max drawdown (3Y) | -31.6% | -97.4% |
| Market cap | $0.3B | – |
| P/E (trailing) | 12.9 | – |
| Dividend yield | 2.15% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FXNC | IVDA |
|---|---|---|
| 2022 | -23.3% | -96.8% |
| 2023 | +31.5% | +12.5% |
| 2024 | +9.3% | -2.0% |
| 2025 | +12.7% | -83.0% |
| 2026 | +24.6% | -64.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FXNC and IVDA good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FXNC and IVDA?
The FXNC/IVDA correlation stands at -0.21 on a 3-year window (1 year: -0.19, 5 years: -0.10), computed from weekly returns as of 2026-08-27.
Is IVDA a good diversifier for FXNC?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 mean?
A reading of -0.21 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/fxnc-vs-ivda.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fxnc-vs-ivda/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FXNC correlations · IVDA correlations
