CPBI vs FISI: Correlation
Measured on weekly returns over the past three years, Central Plains Bancshares, Inc. (CPBI) and Financial Institutions, Inc. (FISI) carry a correlation of 0.34, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPBI and FISI?
Across a 3-year window, the weekly returns of CPBI and FISI correlate at 0.34, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.23 versus 0.34 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of 168.5 %².
FISI is one of the assets that tracks CPBI most closely: it ranks #3 out of the 11 assets we track against CPBI. Their recent paths diverged sharply: over the last 12 months FISI outperformed by 19.3 percentage points (+35.0% for CPBI against +54.3% for FISI). One caveat on sizing: FISI is 2.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CPBI vs FISI: side by side
| CPBI (Central Plains Bancshares, Inc.) | FISI (Financial Institutions, Inc.) | |
|---|---|---|
| 1-year return | +35.0% | +54.3% |
| 5-year return | n/a | +65.6% |
| Volatility (ann.) | 15.5% | 31.9% |
| Beta vs S&P 500 | 0.16 | 0.93 |
| Max drawdown (3Y) | -8.4% | -27.8% |
| Market cap | $0.1B | $0.8B |
| P/E (trailing) | 17.7 | 10.1 |
| Dividend yield | 0.00% | 3.09% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CPBI | FISI |
|---|---|---|
| 2022 | – | -20.0% |
| 2023 | – | -6.8% |
| 2024 | +46.7% | +35.5% |
| 2025 | +13.1% | +19.5% |
| 2026 | +23.7% | +33.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPBI and FISI good diversifiers for each other?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CPBI and FISI?
Using weekly returns as of 2026-08-27: 0.34 over 3 years, with 0.23 over the last year and n/a over 5 years.
Is FISI a good diversifier for CPBI?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.34 mean?
On the −1 to +1 scale, 0.34 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/cpbi-vs-fisi.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cpbi-vs-fisi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CPBI correlations · FISI correlations
