AGM vs THFF: Correlation
Federal Agricultural Mortgage Corporation (AGM) and First Financial Corporation (THFF) show a strong relationship: their 3-year correlation of weekly returns is 0.65.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGM and THFF?
Over the past 3 years, AGM and THFF moved with a correlation of 0.65, which is strong. Lately the two have drifted apart, with the 1-year correlation at 0.45 versus 0.65 over 3 years. Over 5 years the correlation is 0.62, and the annualized covariance of weekly returns is 556.3 %².
Among the 16 assets we track against AGM, THFF ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with THFF ahead by 27.4 points (+11.4% versus +38.8%).
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.
AGM vs THFF: side by side
| AGM (Federal Agricultural Mortgage Corporation) | THFF (First Financial Corporation) | |
|---|---|---|
| 1-year return | +11.4% | +38.8% |
| 5-year return | +167.7% | +135.2% |
| Volatility (ann.) | 30.2% | 28.2% |
| Beta vs S&P 500 | 0.85 | 0.81 |
| Max drawdown (3Y) | -32.5% | -20.2% |
| Market cap | $2.4B | $0.9B |
| P/E (trailing) | 11.9 | 11.1 |
| Dividend yield | 2.84% | 2.77% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGM | THFF |
|---|---|---|
| 2022 | -5.8% | +4.4% |
| 2023 | +74.6% | -2.6% |
| 2024 | +6.1% | +11.1% |
| 2025 | -8.0% | +36.2% |
| 2026 | +29.3% | +35.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGM and THFF good diversifiers for each other?
Only partially. A correlation of 0.65 means AGM and THFF 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 AGM and THFF?
As of 2026-08-27, the correlation of weekly returns between AGM and THFF is 0.65 over 3 years, 0.45 over 1 year and 0.62 over 5 years.
Is THFF a good diversifier for AGM?
Only partially. A correlation of 0.65 means AGM and THFF share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.65 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/agm-vs-thff.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/agm-vs-thff/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AGM correlations · THFF correlations
