EQBK vs FFBC: Correlation
Measured on weekly returns over the past three years, Equity Bancshares, Inc. (EQBK) and First Financial Bancorp. (FFBC) carry a correlation of 0.82, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EQBK and FFBC?
Over the past 3 years, EQBK and FFBC moved with a correlation of 0.82, which is very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.73) sits close to the 3-year figure. Over 5 years the correlation is 0.73, and the annualized covariance of weekly returns is 665.7 %².
In EQBK's tracked universe of 15 assets, FFBC sits right near the top at #3. Twelve-month performance is nearly a tie, at +23.7% for EQBK and +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.
EQBK vs FFBC: side by side
| EQBK (Equity Bancshares, Inc.) | FFBC (First Financial Bancorp.) | |
|---|---|---|
| 1-year return | +23.7% | +26.7% |
| 5-year return | +67.0% | +69.6% |
| Volatility (ann.) | 28.8% | 28.0% |
| Beta vs S&P 500 | 0.76 | 0.81 |
| Max drawdown (3Y) | -28.3% | -26.1% |
| Market cap | $1.0B | $3.4B |
| P/E (trailing) | 31.5 | 11.6 |
| Dividend yield | 1.45% | 3.05% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EQBK | FFBC |
|---|---|---|
| 2022 | -2.6% | +3.4% |
| 2023 | +5.5% | +2.4% |
| 2024 | +26.9% | +17.6% |
| 2025 | +6.9% | -3.3% |
| 2026 | +12.2% | +33.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EQBK and FFBC good diversifiers for each other?
Not really. At 0.82, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between EQBK and FFBC?
The EQBK/FFBC correlation stands at 0.82 on a 3-year window (1 year: 0.73, 5 years: 0.73), computed from weekly returns as of 2026-08-27.
Is FFBC a good diversifier for EQBK?
Not really. At 0.82, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.82 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/eqbk-vs-ffbc.json
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[](https://www.pairbook.io/pair/eqbk-vs-ffbc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EQBK correlations · FFBC correlations
