AVBH vs FHN: Correlation
Avidbank Holdings, Inc. (AVBH) and First Horizon Corporation (FHN) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVBH and FHN?
On 3 years of weekly data the AVBH/FHN correlation comes out at 0.46, moderate. The link has tightened recently: the 1-year correlation (0.66) runs above the 3-year figure (0.46). The 5-year figure is 0.44, and annualized covariance runs at 275.0 %².
Among the 10 assets we track against AVBH, FHN ranks #4 by 3-year correlation. The last year tells two different stories: AVBH led by 18.1 percentage points, +28.0% for AVBH against +9.9% for FHN. Risk is not evenly split, since FHN carries 1.6 times the volatility of the other side.
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.
AVBH vs FHN: side by side
| AVBH (Avidbank Holdings, Inc.) | FHN (First Horizon Corporation) | |
|---|---|---|
| 1-year return | +28.0% | +9.9% |
| 5-year return | +40.0% | +77.9% |
| Volatility (ann.) | 19.4% | 30.5% |
| Beta vs S&P 500 | 0.41 | 1.08 |
| Max drawdown (3Y) | -25.2% | -27.1% |
| Market cap | $0.3B | $11.6B |
| P/E (trailing) | – | 11.8 |
| Dividend yield | 0.00% | 2.60% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVBH | FHN |
|---|---|---|
| 2022 | -17.5% | +53.9% |
| 2023 | +3.2% | -39.4% |
| 2024 | +2.0% | +47.7% |
| 2025 | +21.8% | +22.1% |
| 2026 | +20.0% | +3.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVBH and FHN good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AVBH and FHN?
As of 2026-08-27, the correlation of weekly returns between AVBH and FHN is 0.46 over 3 years, 0.66 over 1 year and 0.44 over 5 years.
Is FHN a good diversifier for AVBH?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 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/avbh-vs-fhn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/avbh-vs-fhn/)
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Related comparisons
Hubs: AVBH correlations · FHN correlations
