BMRC vs FOA: Correlation
How closely do Bank of Marin Bancorp (BMRC) and Finance of America Companies Inc. (FOA) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BMRC and FOA?
Over the past 3 years, BMRC and FOA moved with a correlation of 0.42, which is moderate. Recent behaviour matches the longer record: 0.45 over 1 year against 0.42 over 3. Over 5 years the correlation is 0.30, and the annualized covariance of weekly returns is 1068.1 %².
Among the 11 assets we track against BMRC, FOA ranks #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months BMRC outperformed by 43.1 percentage points (+12.7% for BMRC against -30.4% for FOA). One caveat on sizing: FOA is 2.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
BMRC vs FOA: side by side
| BMRC (Bank of Marin Bancorp) | FOA (Finance of America Companies Inc.) | |
|---|---|---|
| 1-year return | +12.7% | -30.4% |
| 5-year return | -8.2% | -65.5% |
| Volatility (ann.) | 33.0% | 76.9% |
| Beta vs S&P 500 | 0.75 | 0.77 |
| Max drawdown (3Y) | -35.2% | -71.7% |
| Market cap | $0.4B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 3.73% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BMRC | FOA |
|---|---|---|
| 2022 | -9.1% | -68.0% |
| 2023 | -29.5% | -13.4% |
| 2024 | +13.9% | +155.6% |
| 2025 | +14.2% | -13.9% |
| 2026 | +5.6% | -24.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BMRC and FOA good diversifiers for each other?
Reasonably. At 0.42, BMRC and FOA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BMRC and FOA?
The BMRC/FOA correlation stands at 0.42 on a 3-year window (1 year: 0.45, 5 years: 0.30), computed from weekly returns as of 2026-08-27.
Is FOA a good diversifier for BMRC?
Reasonably. At 0.42, BMRC and FOA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 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: BMRC correlations · FOA correlations
