CIVB vs THFF: Correlation
Measured on weekly returns over the past three years, Civista Bancshares, Inc. (CIVB) and First Financial Corporation (THFF) carry a correlation of 0.79, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CIVB and THFF?
Over the past 3 years, CIVB and THFF moved with a correlation of 0.79, which is strong. Little has changed lately, as the 1-year reading of 0.84 lands near the 3-year figure. Over 5 years the correlation is 0.74, and the annualized covariance of weekly returns is 719.8 %².
In CIVB's tracked universe of 11 assets, THFF sits right near the top at #1. Neither side won the trailing year by much: +35.2% against +38.8%.
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.
CIVB vs THFF: side by side
| CIVB (Civista Bancshares, Inc.) | THFF (First Financial Corporation) | |
|---|---|---|
| 1-year return | +35.2% | +38.8% |
| 5-year return | +39.0% | +135.2% |
| Volatility (ann.) | 32.4% | 28.2% |
| Beta vs S&P 500 | 0.71 | 0.81 |
| Max drawdown (3Y) | -25.2% | -20.2% |
| Market cap | $0.6B | $0.9B |
| P/E (trailing) | 10.2 | 11.1 |
| Dividend yield | 2.56% | 2.77% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CIVB | THFF |
|---|---|---|
| 2022 | -7.5% | +4.4% |
| 2023 | -13.2% | -2.6% |
| 2024 | +18.7% | +11.1% |
| 2025 | +9.1% | +36.2% |
| 2026 | +26.0% | +35.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CIVB and THFF good diversifiers for each other?
To a limited degree. At 0.79 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 CIVB and THFF?
As of 2026-08-27, the correlation of weekly returns between CIVB and THFF is 0.79 over 3 years, 0.84 over 1 year and 0.74 over 5 years.
Is THFF a good diversifier for CIVB?
To a limited degree. At 0.79 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 0.79 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/civb-vs-thff.json
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[](https://www.pairbook.io/pair/civb-vs-thff/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CIVB correlations · THFF correlations
