CVBF vs FCF: Correlation
CVB Financial Corporation (CVBF) and First Commonwealth Financial Corporation (FCF) 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 CVBF and FCF?
On 3 years of weekly data the CVBF/FCF correlation comes out at 0.86, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.80 over 1 year against 0.86 over 3. The 5-year figure is 0.77, and annualized covariance runs at 689.6 %².
By 3-year correlation, FCF places #4 of the 16 assets tracked against CVBF. On 12-month performance FCF holds a 6.7-point edge, +13.6% against +20.3%.
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.
CVBF vs FCF: side by side
| CVBF (CVB Financial Corporation) | FCF (First Commonwealth Financial Corporation) | |
|---|---|---|
| 1-year return | +13.6% | +20.3% |
| 5-year return | +34.8% | +83.7% |
| Volatility (ann.) | 29.8% | 26.9% |
| Beta vs S&P 500 | 0.82 | 0.72 |
| Max drawdown (3Y) | -30.2% | -26.9% |
| Market cap | $3.9B | $2.1B |
| P/E (trailing) | 15.5 | 12.7 |
| Dividend yield | 3.57% | 2.64% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CVBF | FCF |
|---|---|---|
| 2022 | +24.0% | -10.3% |
| 2023 | -18.5% | +14.8% |
| 2024 | +11.9% | +13.4% |
| 2025 | -9.4% | +3.0% |
| 2026 | +22.2% | +26.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVBF and FCF good diversifiers for each other?
Not really. At 0.86, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between CVBF and FCF?
The CVBF/FCF correlation stands at 0.86 on a 3-year window (1 year: 0.80, 5 years: 0.77), computed from weekly returns as of 2026-08-27.
Is FCF a good diversifier for CVBF?
Not really. At 0.86, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.86 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/cvbf-vs-fcf.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cvbf-vs-fcf/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CVBF correlations · FCF correlations
