CPF vs FSUN: Correlation
Measured on weekly returns over the past three years, Central Pacific Financial Corp New (CPF) and FirstSun Capital Bancorp (FSUN) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPF and FSUN?
Over the past 3 years, CPF and FSUN moved with a correlation of 0.55, which is moderate. Recent behaviour matches the longer record: 0.63 over 1 year against 0.55 over 3. Over 5 years the correlation is 0.46, and the annualized covariance of weekly returns is 402.8 %².
By 3-year correlation, FSUN places #9 of the 19 assets tracked against CPF. Their recent paths diverged sharply: over the last 12 months CPF outperformed by 18.6 percentage points (+24.4% for CPF against +5.8% for FSUN).
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 FSUN: side by side
| CPF (Central Pacific Financial Corp New) | FSUN (FirstSun Capital Bancorp) | |
|---|---|---|
| 1-year return | +24.4% | +5.8% |
| 5-year return | +85.5% | n/a |
| Volatility (ann.) | 26.5% | 27.4% |
| Beta vs S&P 500 | 0.84 | 0.57 |
| Max drawdown (3Y) | -25.2% | -31.4% |
| Market cap | $1.0B | $1.8B |
| P/E (trailing) | 12.2 | 24.0 |
| Dividend yield | 2.97% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CPF | FSUN |
|---|---|---|
| 2022 | -24.7% | – |
| 2023 | +2.9% | -6.7% |
| 2024 | +54.3% | +17.8% |
| 2025 | +11.3% | -6.0% |
| 2026 | +23.5% | +6.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPF and FSUN good diversifiers for each other?
Only partially. A correlation of 0.55 means CPF and FSUN 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 CPF and FSUN?
Using weekly returns as of 2026-08-27: 0.55 over 3 years, with 0.63 over the last year and 0.46 over 5 years.
Is FSUN a good diversifier for CPF?
Only partially. A correlation of 0.55 means CPF and FSUN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.55 mean?
On the −1 to +1 scale, 0.55 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: CPF correlations · FSUN correlations
