CASH vs PFS: Correlation
How closely do Pathward Financial, Inc. (CASH) and Provident Financial Services, Inc (PFS) trade together? Their weekly returns over three years give a correlation of 0.73, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CASH and PFS?
On 3 years of weekly data the CASH/PFS correlation comes out at 0.73, strong. Recent behaviour matches the longer record: 0.64 over 1 year against 0.73 over 3. The 5-year figure is 0.61, and annualized covariance runs at 653.5 %².
Among the 12 assets we track against CASH, PFS ranks #5 by 3-year correlation. The last year tells two different stories: PFS led by 21.8 percentage points, +2.1% for CASH against +23.9% for PFS.
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.
CASH vs PFS: side by side
| CASH (Pathward Financial, Inc.) | PFS (Provident Financial Services, Inc) | |
|---|---|---|
| 1-year return | +2.1% | +23.9% |
| 5-year return | +71.2% | +37.5% |
| Volatility (ann.) | 29.4% | 30.4% |
| Beta vs S&P 500 | 0.84 | 0.87 |
| Max drawdown (3Y) | -22.2% | -31.3% |
| Market cap | $1.7B | $3.1B |
| P/E (trailing) | 10.3 | 9.8 |
| Dividend yield | 0.24% | 2.04% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CASH | PFS |
|---|---|---|
| 2022 | -27.5% | -8.0% |
| 2023 | +23.4% | -10.8% |
| 2024 | +39.5% | +10.7% |
| 2025 | -3.2% | +10.2% |
| 2026 | +15.0% | +23.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CASH and PFS good diversifiers for each other?
Somewhat, no more. With 0.73 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CASH and PFS?
As of 2026-08-27, the correlation of weekly returns between CASH and PFS is 0.73 over 3 years, 0.64 over 1 year and 0.61 over 5 years.
Is PFS a good diversifier for CASH?
Somewhat, no more. With 0.73 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.73 mean?
On the −1 to +1 scale, 0.73 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cash-vs-pfs.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cash-vs-pfs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CASH correlations · PFS correlations
