CPF vs FFBC: Correlation
Central Pacific Financial Corp New (CPF) and First Financial Bancorp. (FFBC) show a very strong relationship: their 3-year correlation of weekly returns is 0.86.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPF and FFBC?
On 3 years of weekly data the CPF/FFBC correlation comes out at 0.86, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.84 over 1 year against 0.86 over 3. The 5-year figure is 0.80, and annualized covariance runs at 638.0 %².
Few assets follow CPF as closely as FFBC, which ranks #2 of 19 tracked partners. Their 12-month results are close: +24.4% for CPF against +26.7% for FFBC.
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.
CPF vs FFBC: side by side
| CPF (Central Pacific Financial Corp New) | FFBC (First Financial Bancorp.) | |
|---|---|---|
| 1-year return | +24.4% | +26.7% |
| 5-year return | +85.5% | +69.6% |
| Volatility (ann.) | 26.5% | 28.0% |
| Beta vs S&P 500 | 0.84 | 0.81 |
| Max drawdown (3Y) | -25.2% | -26.1% |
| Market cap | $1.0B | $3.4B |
| P/E (trailing) | 12.2 | 11.6 |
| Dividend yield | 2.97% | 3.05% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CPF | FFBC |
|---|---|---|
| 2022 | -24.7% | +3.4% |
| 2023 | +2.9% | +2.4% |
| 2024 | +54.3% | +17.6% |
| 2025 | +11.3% | -3.3% |
| 2026 | +23.5% | +33.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPF and FFBC good diversifiers for each other?
No. With a correlation of 0.86, CPF and FFBC move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between CPF and FFBC?
As of 2026-08-27, the correlation of weekly returns between CPF and FFBC is 0.86 over 3 years, 0.84 over 1 year and 0.80 over 5 years.
Is FFBC a good diversifier for CPF?
No. With a correlation of 0.86, CPF and FFBC move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.86 mean?
On the −1 to +1 scale, 0.86 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/cpf-vs-ffbc.json
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[](https://www.pairbook.io/pair/cpf-vs-ffbc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CPF correlations · FFBC correlations
