BBT vs PFS: Correlation
Measured on weekly returns over the past three years, Beacon Financial Corporation (BBT) and Provident Financial Services, Inc (PFS) carry a correlation of 0.84, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBT and PFS?
Across a 3-year window, the weekly returns of BBT and PFS correlate at 0.84, very strong, meaning they move nearly in lockstep. Lately the two have drifted apart, with the 1-year correlation at 0.69 versus 0.84 over 3 years. Stretching to 5 years gives 0.79, with an annualized covariance of 749.5 %².
Among the 14 assets we track against BBT, PFS ranks #4 by 3-year correlation. Their 12-month results are close: +24.4% for BBT against +23.9% for PFS.
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 PFS: side by side
| BBT (Beacon Financial Corporation) | PFS (Provident Financial Services, Inc) | |
|---|---|---|
| 1-year return | +24.4% | +23.9% |
| 5-year return | +46.9% | +37.5% |
| Volatility (ann.) | 29.2% | 30.4% |
| Beta vs S&P 500 | 0.73 | 0.87 |
| Max drawdown (3Y) | -26.4% | -31.3% |
| Market cap | $2.6B | $3.1B |
| P/E (trailing) | 10.3 | 9.8 |
| Dividend yield | 4.07% | 2.04% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BBT | PFS |
|---|---|---|
| 2022 | +7.2% | -8.0% |
| 2023 | -14.3% | -10.8% |
| 2024 | +17.9% | +10.7% |
| 2025 | -4.2% | +10.2% |
| 2026 | +23.5% | +23.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBT and PFS good diversifiers for each other?
No. With a correlation of 0.84, BBT and PFS move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between BBT and PFS?
As of 2026-08-27, the correlation of weekly returns between BBT and PFS is 0.84 over 3 years, 0.69 over 1 year and 0.79 over 5 years.
Is PFS a good diversifier for BBT?
No. With a correlation of 0.84, BBT and PFS move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.84 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/bbt-vs-pfs.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bbt-vs-pfs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BBT correlations · PFS correlations
