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BOKF vs FFBC: Correlation

BOK Financial Corporation (BOKF) and First Financial Bancorp. (FFBC) show a very strong relationship: their 3-year correlation of weekly returns is 0.85.

Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology

Correlation (3Y)
0.85
very strong
Correlation (1Y)
0.71
last 12 months
Correlation (5Y)
0.82
long-run
Ann. covariance
614.2
%² · weekly, annualized

How correlated are BOKF and FFBC?

Over the past 3 years, BOKF and FFBC moved with a correlation of 0.85, which is very strong, meaning they move nearly in lockstep. Lately the two have drifted apart, with the 1-year correlation at 0.71 versus 0.85 over 3 years. Over 5 years the correlation is 0.82, and the annualized covariance of weekly returns is 614.2 %².

FFBC is one of the assets that tracks BOKF most closely: it ranks #2 out of the 15 assets we track against BOKF. Twelve-month performance is nearly a tie, at +25.5% for BOKF and +26.7% for FFBC.

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.

BOKF vs FFBC: side by side

BOKF (BOK Financial Corporation)FFBC (First Financial Bancorp.)
1-year return+25.5%+26.7%
5-year return+78.9%+69.6%
Volatility (ann.)25.9%28.0%
Beta vs S&P 5000.860.81
Max drawdown (3Y)-26.2%-26.1%
Market cap$8.4B$3.4B
P/E (trailing)13.011.6
Dividend yield1.82%3.05%
Sector / categoryUS ListedUS Listed
Lower P/E: FFBC 11.6 vs 13.0Higher yield: FFBC 3.05% vs 1.82%Smaller drawdown: FFBC -26.1% vs -26.2%Higher 5y return: BOKF +78.9% vs +69.6%
-11%0%+39%2025-09-052026-08-27
Both assets over the last year, indexed to 100 at the starting week. BOKF · FFBC

Year-by-year returns

YearBOKFFFBC
2022+1.2%+3.4%
2023-15.2%+2.4%
2024+27.2%+17.6%
2025+13.8%-3.3%
2026+18.4%+33.1%

Calendar-year price returns; the current year is year-to-date as of the data date above.

Are BOKF and FFBC good diversifiers for each other?

No: a correlation of 0.85 means BOKF and FFBC tend to fall together, which is precisely when diversification is supposed to help.

FAQ

What is the correlation between BOKF and FFBC?

As of 2026-08-27, the correlation of weekly returns between BOKF and FFBC is 0.85 over 3 years, 0.71 over 1 year and 0.82 over 5 years.

Is FFBC a good diversifier for BOKF?

No: a correlation of 0.85 means BOKF and FFBC tend to fall together, which is precisely when diversification is supposed to help.

What does a correlation of 0.85 mean?

A reading of 0.85 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.

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BOKF vs FFBC: 3-year weekly correlation 0.85BOKF vs FFBC0.85

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Related comparisons

Hubs: BOKF correlations · FFBC correlations