AX vs FFBC: Correlation
Axos Financial, Inc. (AX) and First Financial Bancorp. (FFBC) show a very strong relationship: their 3-year correlation of weekly returns is 0.84.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AX and FFBC?
On 3 years of weekly data the AX/FFBC correlation comes out at 0.84, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.75) sits close to the 3-year figure. The 5-year figure is 0.77, and annualized covariance runs at 902.4 %².
FFBC is one of the assets that tracks AX most closely: it ranks #2 out of the 15 assets we track against AX. The last year tells two different stories: FFBC led by 21.2 percentage points, +5.5% for AX against +26.7% for FFBC.
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.
AX vs FFBC: side by side
| AX (Axos Financial, Inc.) | FFBC (First Financial Bancorp.) | |
|---|---|---|
| 1-year return | +5.5% | +26.7% |
| 5-year return | +99.7% | +69.6% |
| Volatility (ann.) | 38.3% | 28.0% |
| Beta vs S&P 500 | 1.12 | 0.81 |
| Max drawdown (3Y) | -34.9% | -26.1% |
| Market cap | $5.5B | $3.4B |
| P/E (trailing) | 11.6 | 11.6 |
| Dividend yield | 0.00% | 3.05% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AX | FFBC |
|---|---|---|
| 2022 | -31.6% | +3.4% |
| 2023 | +42.9% | +2.4% |
| 2024 | +27.9% | +17.6% |
| 2025 | +23.4% | -3.3% |
| 2026 | +13.0% | +33.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AX and FFBC good diversifiers for each other?
No. With a correlation of 0.84, AX and FFBC move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between AX and FFBC?
The AX/FFBC correlation stands at 0.84 on a 3-year window (1 year: 0.75, 5 years: 0.77), computed from weekly returns as of 2026-08-27.
Is FFBC a good diversifier for AX?
No. With a correlation of 0.84, AX and FFBC move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.84 mean?
On the −1 to +1 scale, 0.84 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ax-vs-ffbc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ax-vs-ffbc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AX correlations · FFBC correlations
