CFFN vs THFF: Correlation
How closely do Capitol Federal Financial, Inc. (CFFN) and First Financial Corporation (THFF) trade together? Their weekly returns over three years give a correlation of 0.78, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CFFN and THFF?
On 3 years of weekly data the CFFN/THFF correlation comes out at 0.78, strong. The relationship has been stable: the 1-year correlation (0.85) sits close to the 3-year figure. The 5-year figure is 0.75, and annualized covariance runs at 673.0 %².
THFF is one of the assets that tracks CFFN most closely: it ranks #3 out of the 14 assets we track against CFFN. Their 12-month results are close: +41.0% for CFFN against +38.8% for THFF.
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.
CFFN vs THFF: side by side
| CFFN (Capitol Federal Financial, Inc.) | THFF (First Financial Corporation) | |
|---|---|---|
| 1-year return | +41.0% | +38.8% |
| 5-year return | +4.8% | +135.2% |
| Volatility (ann.) | 30.6% | 28.2% |
| Beta vs S&P 500 | 0.78 | 0.81 |
| Max drawdown (3Y) | -29.0% | -20.2% |
| Market cap | $1.1B | $0.9B |
| P/E (trailing) | 13.3 | 11.1 |
| Dividend yield | 3.93% | 2.77% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CFFN | THFF |
|---|---|---|
| 2022 | -16.3% | +4.4% |
| 2023 | -21.2% | -2.6% |
| 2024 | -2.9% | +11.1% |
| 2025 | +22.0% | +36.2% |
| 2026 | +31.8% | +35.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CFFN and THFF good diversifiers for each other?
Only partially. A correlation of 0.78 means CFFN and THFF share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CFFN and THFF?
As of 2026-08-27, the correlation of weekly returns between CFFN and THFF is 0.78 over 3 years, 0.85 over 1 year and 0.75 over 5 years.
Is THFF a good diversifier for CFFN?
Only partially. A correlation of 0.78 means CFFN and THFF share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.78 mean?
On the −1 to +1 scale, 0.78 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
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Related comparisons
Hubs: CFFN correlations · THFF correlations
