BANF vs FCF: Correlation
How closely do BancFirst Corporation (BANF) and First Commonwealth Financial Corporation (FCF) trade together? Their weekly returns over three years give a correlation of 0.85, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BANF and FCF?
Over the past 3 years, BANF and FCF moved with a correlation of 0.85, which is very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.78) sits close to the 3-year figure. Over 5 years the correlation is 0.73, and the annualized covariance of weekly returns is 643.9 %².
Few assets follow BANF as closely as FCF, which ranks #1 of 16 tracked partners. Correlation aside, the last 12 months split them widely, with FCF ahead by 36.4 points (-16.1% versus +20.3%).
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.
BANF vs FCF: side by side
| BANF (BancFirst Corporation) | FCF (First Commonwealth Financial Corporation) | |
|---|---|---|
| 1-year return | -16.1% | +20.3% |
| 5-year return | +116.0% | +83.7% |
| Volatility (ann.) | 28.2% | 26.9% |
| Beta vs S&P 500 | 0.72 | 0.72 |
| Max drawdown (3Y) | -23.6% | -26.9% |
| Market cap | $3.7B | $2.1B |
| P/E (trailing) | 14.9 | 12.7 |
| Dividend yield | 1.75% | 2.64% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BANF | FCF |
|---|---|---|
| 2022 | +27.1% | -10.3% |
| 2023 | +12.4% | +14.8% |
| 2024 | +22.6% | +13.4% |
| 2025 | -8.0% | +3.0% |
| 2026 | +5.1% | +26.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BANF and FCF good diversifiers for each other?
No: a correlation of 0.85 means BANF and FCF tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between BANF and FCF?
The BANF/FCF correlation stands at 0.85 on a 3-year window (1 year: 0.78, 5 years: 0.73), computed from weekly returns as of 2026-08-27.
Is FCF a good diversifier for BANF?
No: a correlation of 0.85 means BANF and FCF tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.85 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/banf-vs-fcf.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/banf-vs-fcf/)
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Related comparisons
Hubs: BANF correlations · FCF correlations
