BRT vs FCF: Correlation
Measured on weekly returns over the past three years, BRT Apartments Corp. (MD) (BRT) and First Commonwealth Financial Corporation (FCF) carry a correlation of 0.65, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRT and FCF?
Over the past 3 years, BRT and FCF moved with a correlation of 0.65, which is strong. The link has loosened recently: the 1-year correlation (0.49) runs below the 3-year figure (0.65). Over 5 years the correlation is 0.50, and the annualized covariance of weekly returns is 417.8 %².
By 3-year correlation, FCF places #4 of the 14 assets tracked against BRT. The last year tells two different stories: FCF led by 23.5 percentage points, -3.2% for BRT against +20.3% for FCF.
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.
BRT vs FCF: side by side
| BRT (BRT Apartments Corp. (MD)) | FCF (First Commonwealth Financial Corporation) | |
|---|---|---|
| 1-year return | -3.2% | +20.3% |
| 5-year return | -1.1% | +83.7% |
| Volatility (ann.) | 24.0% | 26.9% |
| Beta vs S&P 500 | 0.68 | 0.72 |
| Max drawdown (3Y) | -27.6% | -26.9% |
| Market cap | $0.3B | $2.1B |
| P/E (trailing) | – | 12.7 |
| Dividend yield | 5.48% | 2.64% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BRT | FCF |
|---|---|---|
| 2022 | -14.4% | -10.3% |
| 2023 | -0.0% | +14.8% |
| 2024 | +2.7% | +13.4% |
| 2025 | -13.3% | +3.0% |
| 2026 | +1.1% | +26.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRT and FCF good diversifiers for each other?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BRT and FCF?
The BRT/FCF correlation stands at 0.65 on a 3-year window (1 year: 0.49, 5 years: 0.50), computed from weekly returns as of 2026-08-27.
Is FCF a good diversifier for BRT?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.65 mean?
A reading of 0.65 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/brt-vs-fcf.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/brt-vs-fcf/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BRT correlations · FCF correlations
