BFC vs PEBO: Correlation
How closely do Bank First Corporation (BFC) and Peoples Bancorp Inc. (PEBO) trade together? Their weekly returns over three years give a correlation of 0.77, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BFC and PEBO?
On 3 years of weekly data the BFC/PEBO correlation comes out at 0.77, strong. Little has changed lately, as the 1-year reading of 0.76 lands near the 3-year figure. The 5-year figure is 0.66, and annualized covariance runs at 515.3 %².
Among the 13 assets we track against BFC, PEBO ranks #4 by 3-year correlation. The last year tells two different stories: PEBO led by 15.2 percentage points, +18.4% for BFC against +33.6% for PEBO.
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 PEBO: side by side
| BFC (Bank First Corporation) | PEBO (Peoples Bancorp Inc.) | |
|---|---|---|
| 1-year return | +18.4% | +33.6% |
| 5-year return | +139.3% | +66.3% |
| Volatility (ann.) | 26.7% | 25.1% |
| Beta vs S&P 500 | 0.70 | 0.69 |
| Max drawdown (3Y) | -15.7% | -24.5% |
| Market cap | $1.7B | $1.4B |
| P/E (trailing) | 20.0 | 12.0 |
| Dividend yield | 1.27% | 4.18% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BFC | PEBO |
|---|---|---|
| 2022 | +30.0% | -6.6% |
| 2023 | -5.3% | +26.5% |
| 2024 | +16.4% | -1.0% |
| 2025 | +28.7% | +0.1% |
| 2026 | +25.6% | +36.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BFC and PEBO good diversifiers for each other?
Only partially. A correlation of 0.77 means BFC and PEBO 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 BFC and PEBO?
As of 2026-08-27, the correlation of weekly returns between BFC and PEBO is 0.77 over 3 years, 0.76 over 1 year and 0.66 over 5 years.
Is PEBO a good diversifier for BFC?
Only partially. A correlation of 0.77 means BFC and PEBO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.77 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.
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Related comparisons
Hubs: BFC correlations · PEBO correlations
