BBT vs FRBA: Correlation
Measured on weekly returns over the past three years, Beacon Financial Corporation (BBT) and First Bank (FRBA) carry a correlation of 0.82, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBT and FRBA?
Over the past 3 years, BBT and FRBA moved with a correlation of 0.82, which is very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.73 lands near the 3-year figure. Over 5 years the correlation is 0.71, and the annualized covariance of weekly returns is 634.2 %².
By 3-year correlation, FRBA places #6 of the 14 assets tracked against BBT. The last year tells two different stories: BBT led by 15.5 percentage points, +24.4% for BBT against +8.9% for FRBA.
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.
BBT vs FRBA: side by side
| BBT (Beacon Financial Corporation) | FRBA (First Bank) | |
|---|---|---|
| 1-year return | +24.4% | +8.9% |
| 5-year return | +46.9% | +47.4% |
| Volatility (ann.) | 29.2% | 26.6% |
| Beta vs S&P 500 | 0.73 | 0.61 |
| Max drawdown (3Y) | -26.4% | -22.0% |
| Market cap | $2.6B | $0.4B |
| P/E (trailing) | 10.3 | 10.4 |
| Dividend yield | 4.07% | 1.67% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BBT | FRBA |
|---|---|---|
| 2022 | +7.2% | -3.6% |
| 2023 | -14.3% | +9.1% |
| 2024 | +17.9% | -2.6% |
| 2025 | -4.2% | +18.8% |
| 2026 | +23.5% | +10.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBT and FRBA good diversifiers for each other?
No. With a correlation of 0.82, BBT and FRBA move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between BBT and FRBA?
As of 2026-08-27, the correlation of weekly returns between BBT and FRBA is 0.82 over 3 years, 0.73 over 1 year and 0.71 over 5 years.
Is FRBA a good diversifier for BBT?
No. With a correlation of 0.82, BBT and FRBA move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.82 mean?
On the −1 to +1 scale, 0.82 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.
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Related comparisons
Hubs: BBT correlations · FRBA correlations
