ECBK vs FBNC: Correlation
How closely do ECB Bancorp, Inc. (ECBK) and First Bancorp (FBNC) trade together? Their weekly returns over three years give a correlation of 0.48, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ECBK and FBNC?
On 3 years of weekly data the ECBK/FBNC correlation comes out at 0.48, moderate. Little has changed lately, as the 1-year reading of 0.50 lands near the 3-year figure. The 5-year figure is 0.46, and annualized covariance runs at 333.9 %².
By 3-year correlation, FBNC places #4 of the 11 assets tracked against ECBK. Twelve-month performance is nearly a tie, at +20.9% for ECBK and +16.9% for FBNC.
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.
ECBK vs FBNC: side by side
| ECBK (ECB Bancorp, Inc.) | FBNC (First Bancorp) | |
|---|---|---|
| 1-year return | +20.9% | +16.9% |
| 5-year return | n/a | +72.4% |
| Volatility (ann.) | 23.4% | 30.0% |
| Beta vs S&P 500 | 0.45 | 0.89 |
| Max drawdown (3Y) | -19.7% | -26.0% |
| Market cap | $0.2B | $2.6B |
| P/E (trailing) | 14.8 | 19.9 |
| Dividend yield | 0.00% | 1.47% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ECBK | FBNC |
|---|---|---|
| 2022 | – | -4.2% |
| 2023 | -21.7% | -11.2% |
| 2024 | +18.2% | +21.7% |
| 2025 | +17.2% | +17.8% |
| 2026 | +19.2% | +26.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ECBK and FBNC good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ECBK and FBNC?
As of 2026-08-27, the correlation of weekly returns between ECBK and FBNC is 0.48 over 3 years, 0.50 over 1 year and 0.46 over 5 years.
Is FBNC a good diversifier for ECBK?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 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/ecbk-vs-fbnc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ecbk-vs-fbnc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ECBK correlations · FBNC correlations
