FSBC vs. SPY

Last updated Jun 6, 2026

FSBC (Five Star Bancorp) is a stock, while SPY (State Street SPDR S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 5 years, FSBC returned 14.64%/yr vs 13.32%/yr for SPY. At a 0.42 correlation, their price movements are largely independent.

Performance

FSBC vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Five Star Bancorp (FSBC) and State Street SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FSBC achieves a 22.52% return, which is significantly higher than SPY's 8.45% return.

FSBC

• 1D: -0.28%
• 1M: 4.14%
• YTD: 22.52%
• 6M: 26.37%
• 1Y: 63.19%
• 3Y*: 29.78%
• 5Y*: 14.64%
• 10Y*: —

SPY

• 1D: -2.58%
• 1M: 0.51%
• YTD: 8.45%
• 6M: 8.18%
• 1Y: 25.79%
• 3Y*: 21.43%
• 5Y*: 13.32%
• 10Y*: 15.16%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FSBC vs. SPY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FSBC Five Star Bancorp	22.52%	22.06%	18.61%	-0.56%	-7.16%	51.85%
SPY State Street SPDR S&P 500 ETF	8.45%	17.72%	24.89%	26.18%	-18.18%	15.42%

Correlation

The correlation between FSBC and SPY is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (5Y) Calculated over the trailing 5-year period	0.43
Correlation (All Time) Calculated using the full available price history since May 5, 2021	0.42

Return for Risk

FSBC vs. SPY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FSBC

FSBC Risk / Return Rank: 91
FSBC Sharpe Ratio Rank: 92
FSBC Sortino Ratio Rank: 92
FSBC Omega Ratio Rank: 89
FSBC Calmar Ratio Rank: 91
FSBC Martin Ratio Rank: 92

SPY

SPY Risk / Return Rank: 66
SPY Sharpe Ratio Rank: 66
SPY Sortino Ratio Rank: 63
SPY Omega Ratio Rank: 66
SPY Calmar Ratio Rank: 60
SPY Martin Ratio Rank: 73

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FSBC vs. SPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Five Star Bancorp (FSBC) and State Street SPDR S&P 500 ETF (SPY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	FSBC	SPY	Difference
Sharpe ratio: Return per unit of total volatility	2.42	2.14	+0.28
Sortino ratio: Return per unit of downside risk	3.49	2.88	+0.62
Omega ratio: Gain probability vs. loss probability	1.41	1.39	+0.02
Calmar ratio: Return relative to maximum drawdown	4.86	2.92	+1.94
Martin ratio: Return relative to average drawdown	13.93	13.50	+0.43
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FSBC vs. SPY - Sharpe Ratio Comparison

The current FSBC Sharpe Ratio is 2.42, which is comparable to the SPY Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of FSBC and SPY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FSBC	SPY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.42	2.14	+0.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.47	0.78	-0.32
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.85	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	0.58	+0.02

Drawdowns

FSBC vs. SPY - Drawdown Comparison

The maximum FSBC drawdown since its inception was -40.76%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FSBC and SPY.

Drawdown Indicators

	FSBC	SPY	Difference
Max Drawdown Largest peak-to-trough decline	-40.76%	-55.19%	+14.43%
Max Drawdown (1Y) Largest decline over 1 year	-13.07%	-8.88%	-4.19%
Max Drawdown (3Y) Largest decline over 3 years	-25.42%	-18.76%	-6.66%
Max Drawdown (5Y) Largest decline over 5 years	-40.76%	-24.50%	-16.26%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.72%	—
Current Drawdown Current decline from peak	-0.28%	-2.90%	+2.62%
Average Drawdown Average peak-to-trough decline	-13.32%	-9.05%	-4.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.55%	1.91%	+2.64%

Volatility

FSBC vs. SPY - Volatility Comparison

Five Star Bancorp (FSBC) has a higher volatility of 5.78% compared to State Street SPDR S&P 500 ETF (SPY) at 3.73%. This indicates that FSBC's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSBC	SPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.78%	3.73%	+2.05%
Volatility (6M) Calculated over the trailing 6-month period	16.09%	9.31%	+6.78%
Volatility (1Y) Calculated over the trailing 1-year period	26.21%	12.12%	+14.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.56%	17.09%	+14.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.90%	17.95%	+14.95%

Dividends

FSBC vs. SPY - Dividend Comparison

FSBC's dividend yield for the trailing twelve months is around 2.67%, more than SPY's 1.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSBC Five Star Bancorp	2.67%	2.24%	2.66%	2.86%	2.20%	1.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPY State Street SPDR S&P 500 ETF	1.00%	1.07%	1.21%	1.40%	1.65%	1.20%	1.52%	1.75%	2.04%	1.80%	2.03%	2.06%

Frequently Asked Questions

Can I hold both FSBC and SPY in my portfolio?

FSBC and SPY have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FSBC or SPY?

FSBC has higher volatility (5.78%) compared to SPY (3.73%). In terms of maximum drawdown, FSBC dropped -40.76% vs SPY's -55.19%.

Which has better risk-adjusted returns?

FSBC currently has the higher Sharpe Ratio (2.42 vs 2.14), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.