DCOM vs FCF: Correlation
How closely do Dime Commercial Bancshares, Inc. (DCOM) and First Commonwealth Financial Corporation (FCF) trade together? Their weekly returns over three years give a correlation of 0.84, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DCOM and FCF?
Across a 3-year window, the weekly returns of DCOM and FCF correlate at 0.84, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.80 over 1 year against 0.84 over 3. Stretching to 5 years gives 0.79, with an annualized covariance of 753.5 %².
By 3-year correlation, FCF places #4 of the 15 assets tracked against DCOM. Their recent paths diverged sharply: over the last 12 months DCOM outperformed by 15.8 percentage points (+36.1% for DCOM against +20.3% for FCF).
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.
DCOM vs FCF: side by side
| DCOM (Dime Commercial Bancshares, Inc.) | FCF (First Commonwealth Financial Corporation) | |
|---|---|---|
| 1-year return | +36.1% | +20.3% |
| 5-year return | +46.6% | +83.7% |
| Volatility (ann.) | 33.3% | 26.9% |
| Beta vs S&P 500 | 0.87 | 0.72 |
| Max drawdown (3Y) | -36.0% | -26.9% |
| Market cap | $1.8B | $2.1B |
| P/E (trailing) | 14.6 | 12.7 |
| Dividend yield | 2.48% | 2.64% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DCOM | FCF |
|---|---|---|
| 2022 | -6.8% | -10.3% |
| 2023 | -11.5% | +14.8% |
| 2024 | +19.0% | +13.4% |
| 2025 | +1.4% | +3.0% |
| 2026 | +37.1% | +26.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DCOM and FCF good diversifiers for each other?
No. With a correlation of 0.84, DCOM and FCF move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between DCOM and FCF?
As of 2026-08-27, the correlation of weekly returns between DCOM and FCF is 0.84 over 3 years, 0.80 over 1 year and 0.79 over 5 years.
Is FCF a good diversifier for DCOM?
No. With a correlation of 0.84, DCOM and FCF move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.84 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/dcom-vs-fcf.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dcom-vs-fcf/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DCOM correlations · FCF correlations
