CCB vs FIBK: Correlation
Coastal Financial Corporation (CCB) and First Interstate BancSystem, Inc. (FIBK) show a moderate relationship: their 3-year correlation of weekly returns is 0.54.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCB and FIBK?
On 3 years of weekly data the CCB/FIBK correlation comes out at 0.54, moderate. The link has loosened recently: the 1-year correlation (0.39) runs below the 3-year figure (0.54). The 5-year figure is 0.53, and annualized covariance runs at 747.0 %².
FIBK is one of the assets that tracks CCB most closely: it ranks #3 out of the 19 assets we track against CCB. The last year tells two different stories: FIBK led by 80.9 percentage points, -59.0% for CCB against +21.9% for FIBK.
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.
CCB vs FIBK: side by side
| CCB (Coastal Financial Corporation) | FIBK (First Interstate BancSystem, Inc.) | |
|---|---|---|
| 1-year return | -59.0% | +21.9% |
| 5-year return | +59.4% | +13.8% |
| Volatility (ann.) | 45.4% | 30.3% |
| Beta vs S&P 500 | 0.96 | 0.98 |
| Max drawdown (3Y) | -66.5% | -31.8% |
| Market cap | $0.7B | $3.6B |
| P/E (trailing) | – | 11.5 |
| Dividend yield | 0.00% | 5.05% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCB | FIBK |
|---|---|---|
| 2022 | -6.1% | -0.8% |
| 2023 | -6.5% | -14.8% |
| 2024 | +91.2% | +12.9% |
| 2025 | +35.0% | +13.5% |
| 2026 | -59.2% | +11.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCB and FIBK good diversifiers for each other?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between CCB and FIBK?
The CCB/FIBK correlation stands at 0.54 on a 3-year window (1 year: 0.39, 5 years: 0.53), computed from weekly returns as of 2026-08-27.
Is FIBK a good diversifier for CCB?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.54 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ccb-vs-fibk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ccb-vs-fibk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CCB correlations · FIBK correlations
