EFSC vs FFBC: Correlation
Enterprise Financial Services Corporation (EFSC) and First Financial Bancorp. (FFBC) show a very strong relationship: their 3-year correlation of weekly returns is 0.87.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EFSC and FFBC?
Over the past 3 years, EFSC and FFBC moved with a correlation of 0.87, which is very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.86 over 1 year against 0.87 over 3. Over 5 years the correlation is 0.84, and the annualized covariance of weekly returns is 655.7 %².
Within EFSC's tracked universe of 23 assets, FFBC comes in at #5 by 3-year correlation. The last year tells two different stories: FFBC led by 21.4 percentage points, +5.3% for EFSC against +26.7% for FFBC.
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 FFBC: side by side
| EFSC (Enterprise Financial Services Corporation) | FFBC (First Financial Bancorp.) | |
|---|---|---|
| 1-year return | +5.3% | +26.7% |
| 5-year return | +59.0% | +69.6% |
| Volatility (ann.) | 26.9% | 28.0% |
| Beta vs S&P 500 | 0.66 | 0.81 |
| Max drawdown (3Y) | -25.0% | -26.1% |
| Market cap | $2.3B | $3.4B |
| P/E (trailing) | 12.6 | 11.6 |
| Dividend yield | 2.05% | 3.05% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EFSC | FFBC |
|---|---|---|
| 2022 | +6.0% | +3.4% |
| 2023 | -6.6% | +2.4% |
| 2024 | +29.3% | +17.6% |
| 2025 | -2.1% | -3.3% |
| 2026 | +18.9% | +33.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EFSC and FFBC good diversifiers for each other?
Not really. At 0.87, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between EFSC and FFBC?
Using weekly returns as of 2026-08-27: 0.87 over 3 years, with 0.86 over the last year and 0.84 over 5 years.
Is FFBC a good diversifier for EFSC?
Not really. At 0.87, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.87 mean?
A reading of 0.87 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/efsc-vs-ffbc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/efsc-vs-ffbc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EFSC correlations · FFBC correlations
