FBIZ vs SRCE: Correlation
How closely do First Business Financial Services, Inc. (FBIZ) and 1st Source Corporation (SRCE) trade together? Their weekly returns over three years give a correlation of 0.84, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FBIZ and SRCE?
On 3 years of weekly data the FBIZ/SRCE correlation comes out at 0.84, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.88 lands near the 3-year figure. The 5-year figure is 0.72, and annualized covariance runs at 645.4 %².
By 3-year correlation, SRCE places #5 of the 13 assets tracked against FBIZ. Neither side won the trailing year by much: +38.0% against +37.0%.
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.
FBIZ vs SRCE: side by side
| FBIZ (First Business Financial Services, Inc.) | SRCE (1st Source Corporation) | |
|---|---|---|
| 1-year return | +38.0% | +37.0% |
| 5-year return | +187.1% | +110.2% |
| Volatility (ann.) | 30.0% | 25.5% |
| Beta vs S&P 500 | 0.79 | 0.61 |
| Max drawdown (3Y) | -20.8% | -21.2% |
| Market cap | $0.6B | $2.1B |
| P/E (trailing) | 10.6 | 12.4 |
| Dividend yield | 1.80% | 0.93% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FBIZ | SRCE |
|---|---|---|
| 2022 | +28.2% | +9.8% |
| 2023 | +12.9% | +6.5% |
| 2024 | +18.4% | +9.0% |
| 2025 | +20.1% | +9.8% |
| 2026 | +32.6% | +40.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FBIZ and SRCE good diversifiers for each other?
No: a correlation of 0.84 means FBIZ and SRCE tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between FBIZ and SRCE?
Using weekly returns as of 2026-08-27: 0.84 over 3 years, with 0.88 over the last year and 0.72 over 5 years.
Is SRCE a good diversifier for FBIZ?
No: a correlation of 0.84 means FBIZ and SRCE tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.84 mean?
A reading of 0.84 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/fbiz-vs-srce.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fbiz-vs-srce/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FBIZ correlations · SRCE correlations
