BHRB vs FCF: Correlation
Measured on weekly returns over the past three years, Burke & Herbert Financial Services Corp. (BHRB) and First Commonwealth Financial Corporation (FCF) carry a correlation of 0.80, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BHRB and FCF?
Across a 3-year window, the weekly returns of BHRB and FCF correlate at 0.80, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.84 over 1 year against 0.80 over 3. Stretching to 5 years gives 0.50, with an annualized covariance of 682.6 %².
Among the 16 assets we track against BHRB, FCF ranks #4 by 3-year correlation. Neither side won the trailing year by much: +16.0% against +20.3%.
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.
BHRB vs FCF: side by side
| BHRB (Burke & Herbert Financial Services Corp.) | FCF (First Commonwealth Financial Corporation) | |
|---|---|---|
| 1-year return | +16.0% | +20.3% |
| 5-year return | +57.3% | +83.7% |
| Volatility (ann.) | 31.8% | 26.9% |
| Beta vs S&P 500 | 0.74 | 0.72 |
| Max drawdown (3Y) | -30.8% | -26.9% |
| Market cap | $1.4B | $2.1B |
| P/E (trailing) | 11.7 | 12.7 |
| Dividend yield | 3.07% | 2.64% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BHRB | FCF |
|---|---|---|
| 2022 | +33.3% | -10.3% |
| 2023 | -7.8% | +14.8% |
| 2024 | +2.9% | +13.4% |
| 2025 | +3.6% | +3.0% |
| 2026 | +17.8% | +26.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BHRB and FCF good diversifiers for each other?
No. With a correlation of 0.80, BHRB and FCF move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between BHRB and FCF?
The BHRB/FCF correlation stands at 0.80 on a 3-year window (1 year: 0.84, 5 years: 0.50), computed from weekly returns as of 2026-08-27.
Is FCF a good diversifier for BHRB?
No. With a correlation of 0.80, BHRB and FCF move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.80 mean?
On the −1 to +1 scale, 0.80 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: BHRB correlations · FCF correlations
