BFC vs FAST: Correlation
Measured on weekly returns over the past three years, Bank First Corporation (BFC) and Fastenal (FAST) carry a correlation of 0.53, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BFC and FAST?
On 3 years of weekly data the BFC/FAST correlation comes out at 0.53, moderate. Recent behaviour matches the longer record: 0.59 over 1 year against 0.53 over 3. The 5-year figure is 0.43, and annualized covariance runs at 342.4 %².
Among the 13 assets we track against BFC, FAST ranks #6 by 3-year correlation. Over the last 12 months BFC came out ahead by 14.3 percentage points (+18.4% against +4.1%).
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.
BFC vs FAST: side by side
| BFC (Bank First Corporation) | FAST (Fastenal) | |
|---|---|---|
| 1-year return | +18.4% | +4.1% |
| 5-year return | +139.3% | +105.5% |
| Volatility (ann.) | 26.7% | 24.0% |
| Beta vs S&P 500 | 0.70 | 0.63 |
| Max drawdown (3Y) | -15.7% | -21.9% |
| Market cap | $1.7B | $58.7B |
| P/E (trailing) | 20.0 | 43.7 |
| Dividend yield | 1.27% | 1.80% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | BFC | FAST |
|---|---|---|
| 2022 | +30.0% | -24.3% |
| 2023 | -5.3% | +41.3% |
| 2024 | +16.4% | +13.5% |
| 2025 | +28.7% | +14.0% |
| 2026 | +25.6% | +29.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BFC and FAST good diversifiers for each other?
To a limited degree. At 0.53 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BFC and FAST?
The BFC/FAST correlation stands at 0.53 on a 3-year window (1 year: 0.59, 5 years: 0.43), computed from weekly returns as of 2026-08-27.
Is FAST a good diversifier for BFC?
To a limited degree. At 0.53 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.53 mean?
On the −1 to +1 scale, 0.53 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: BFC correlations · FAST correlations
