EFSI vs FXNC: Correlation
Measured on weekly returns over the past three years, Eagle Financial Services Inc (EFSI) and First National Corporation (FXNC) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EFSI and FXNC?
Across a 3-year window, the weekly returns of EFSI and FXNC correlate at 0.41, moderate. The past 12 months show a tighter link (0.63) than the 3-year average (0.41). Stretching to 5 years gives 0.29, with an annualized covariance of 226.1 %².
In EFSI's tracked universe of 11 assets, FXNC sits right near the top at #2. Correlation aside, the last 12 months split them widely, with FXNC ahead by 18.3 points (+17.6% versus +35.9%).
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.
EFSI vs FXNC: side by side
| EFSI (Eagle Financial Services Inc) | FXNC (First National Corporation) | |
|---|---|---|
| 1-year return | +17.6% | +35.9% |
| 5-year return | +46.3% | +71.2% |
| Volatility (ann.) | 20.3% | 27.4% |
| Beta vs S&P 500 | 0.30 | 0.50 |
| Max drawdown (3Y) | -21.2% | -31.6% |
| Market cap | $0.2B | $0.3B |
| P/E (trailing) | 11.8 | 12.9 |
| Dividend yield | 2.97% | 2.15% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EFSI | FXNC |
|---|---|---|
| 2022 | +8.0% | -23.3% |
| 2023 | -13.4% | +31.5% |
| 2024 | +26.2% | +9.3% |
| 2025 | +13.4% | +12.7% |
| 2026 | +7.1% | +24.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EFSI and FXNC good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between EFSI and FXNC?
The EFSI/FXNC correlation stands at 0.41 on a 3-year window (1 year: 0.63, 5 years: 0.29), computed from weekly returns as of 2026-08-27.
Is FXNC a good diversifier for EFSI?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 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/efsi-vs-fxnc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/efsi-vs-fxnc/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EFSI correlations · FXNC correlations
