BCBP vs PFS: Correlation
BCB Bancorp, Inc. (NJ) (BCBP) and Provident Financial Services, Inc (PFS) show a strong relationship: their 3-year correlation of weekly returns is 0.69.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCBP and PFS?
On 3 years of weekly data the BCBP/PFS correlation comes out at 0.69, strong. Lately the two have drifted apart, with the 1-year correlation at 0.45 versus 0.69 over 3 years. The 5-year figure is 0.65, and annualized covariance runs at 697.0 %².
Among the 10 assets we track against BCBP, PFS ranks #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PFS ahead by 24.5 points (-0.6% versus +23.9%).
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.
BCBP vs PFS: side by side
| BCBP (BCB Bancorp, Inc. (NJ)) | PFS (Provident Financial Services, Inc) | |
|---|---|---|
| 1-year return | -0.6% | +23.9% |
| 5-year return | -25.8% | +37.5% |
| Volatility (ann.) | 33.3% | 30.4% |
| Beta vs S&P 500 | 0.59 | 0.87 |
| Max drawdown (3Y) | -41.2% | -31.3% |
| Market cap | $0.2B | $3.1B |
| P/E (trailing) | – | 9.8 |
| Dividend yield | 3.70% | 2.04% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BCBP | PFS |
|---|---|---|
| 2022 | +20.7% | -8.0% |
| 2023 | -24.8% | -10.8% |
| 2024 | -2.5% | +10.7% |
| 2025 | -26.6% | +10.2% |
| 2026 | +9.6% | +23.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCBP and PFS good diversifiers for each other?
Only partially. A correlation of 0.69 means BCBP and PFS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between BCBP and PFS?
The BCBP/PFS correlation stands at 0.69 on a 3-year window (1 year: 0.45, 5 years: 0.65), computed from weekly returns as of 2026-08-27.
Is PFS a good diversifier for BCBP?
Only partially. A correlation of 0.69 means BCBP and PFS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.69 mean?
A reading of 0.69 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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[](https://www.pairbook.io/pair/bcbp-vs-pfs/)
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Related comparisons
Hubs: BCBP correlations · PFS correlations
