EFSC vs FCF: Correlation
Measured on weekly returns over the past three years, Enterprise Financial Services Corporation (EFSC) and First Commonwealth Financial Corporation (FCF) carry a correlation of 0.89, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EFSC and FCF?
On 3 years of weekly data the EFSC/FCF correlation comes out at 0.89, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.87) sits close to the 3-year figure. The 5-year figure is 0.83, and annualized covariance runs at 642.9 %².
FCF is one of the assets that tracks EFSC most closely: it ranks #2 out of the 23 assets we track against EFSC. The last year tells two different stories: FCF led by 15.0 percentage points, +5.3% for EFSC 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.
EFSC vs FCF: side by side
| EFSC (Enterprise Financial Services Corporation) | FCF (First Commonwealth Financial Corporation) | |
|---|---|---|
| 1-year return | +5.3% | +20.3% |
| 5-year return | +59.0% | +83.7% |
| Volatility (ann.) | 26.9% | 26.9% |
| Beta vs S&P 500 | 0.66 | 0.72 |
| Max drawdown (3Y) | -25.0% | -26.9% |
| Market cap | $2.3B | $2.1B |
| P/E (trailing) | 12.6 | 12.7 |
| Dividend yield | 2.05% | 2.64% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EFSC | FCF |
|---|---|---|
| 2022 | +6.0% | -10.3% |
| 2023 | -6.6% | +14.8% |
| 2024 | +29.3% | +13.4% |
| 2025 | -2.1% | +3.0% |
| 2026 | +18.9% | +26.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EFSC and FCF good diversifiers for each other?
Not really. At 0.89, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between EFSC and FCF?
As of 2026-08-27, the correlation of weekly returns between EFSC and FCF is 0.89 over 3 years, 0.87 over 1 year and 0.83 over 5 years.
Is FCF a good diversifier for EFSC?
Not really. At 0.89, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.89 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
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Related comparisons
Hubs: EFSC correlations · FCF correlations
