CLBK vs THFF: Correlation
Measured on weekly returns over the past three years, Columbia Financial, Inc. (CLBK) and First Financial Corporation (THFF) carry a correlation of 0.77, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLBK and THFF?
On 3 years of weekly data the CLBK/THFF correlation comes out at 0.77, strong. Lately the two have drifted apart, with the 1-year correlation at 0.62 versus 0.77 over 3 years. The 5-year figure is 0.64, and annualized covariance runs at 652.3 %².
By 3-year correlation, THFF places #5 of the 11 assets tracked against CLBK. Correlation aside, the last 12 months split them widely, with CLBK ahead by 31.9 points (+70.7% versus +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.
CLBK vs THFF: side by side
| CLBK (Columbia Financial, Inc.) | THFF (First Financial Corporation) | |
|---|---|---|
| 1-year return | +70.7% | +38.8% |
| 5-year return | +45.5% | +135.2% |
| Volatility (ann.) | 30.1% | 28.2% |
| Beta vs S&P 500 | 0.64 | 0.81 |
| Max drawdown (3Y) | -33.9% | -20.2% |
| Market cap | $1.2B | $0.9B |
| P/E (trailing) | 21.3 | 11.1 |
| Dividend yield | 0.00% | 2.77% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLBK | THFF |
|---|---|---|
| 2022 | +3.6% | +4.4% |
| 2023 | -10.8% | -2.6% |
| 2024 | -18.0% | +11.1% |
| 2025 | -1.7% | +36.2% |
| 2026 | +67.0% | +35.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLBK and THFF good diversifiers for each other?
Only partially. A correlation of 0.77 means CLBK 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 CLBK and THFF?
The CLBK/THFF correlation stands at 0.77 on a 3-year window (1 year: 0.62, 5 years: 0.64), computed from weekly returns as of 2026-08-27.
Is THFF a good diversifier for CLBK?
Only partially. A correlation of 0.77 means CLBK 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 0.77 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/clbk-vs-thff.json
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Related comparisons
Hubs: CLBK correlations · THFF correlations
