FCAP vs LARK: Correlation
First Capital, Inc. (FCAP) and Landmark Bancorp Inc. (LARK) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FCAP and LARK?
On 3 years of weekly data the FCAP/LARK correlation comes out at 0.36, moderate. The link has tightened recently: the 1-year correlation (0.46) runs above the 3-year figure (0.36). The 5-year figure is 0.34, and annualized covariance runs at 365.2 %².
By 3-year correlation, LARK places #4 of the 13 assets tracked against FCAP. Correlation aside, the last 12 months split them widely, with FCAP ahead by 27.6 points (+55.8% versus +28.2%).
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.
FCAP vs LARK: side by side
| FCAP (First Capital, Inc.) | LARK (Landmark Bancorp Inc.) | |
|---|---|---|
| 1-year return | +55.8% | +28.2% |
| 5-year return | +72.5% | +66.0% |
| Volatility (ann.) | 38.7% | 26.0% |
| Beta vs S&P 500 | 0.26 | 0.35 |
| Max drawdown (3Y) | -32.5% | -20.7% |
| Market cap | $0.2B | $0.2B |
| P/E (trailing) | 11.3 | 9.8 |
| Dividend yield | 2.02% | 2.57% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FCAP | LARK |
|---|---|---|
| 2022 | -36.3% | -18.5% |
| 2023 | +16.5% | -4.2% |
| 2024 | +20.0% | +32.6% |
| 2025 | +88.4% | +18.2% |
| 2026 | +6.3% | +23.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FCAP and LARK good diversifiers for each other?
Reasonably. At 0.36, FCAP and LARK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FCAP and LARK?
As of 2026-08-27, the correlation of weekly returns between FCAP and LARK is 0.36 over 3 years, 0.46 over 1 year and 0.34 over 5 years.
Is LARK a good diversifier for FCAP?
Reasonably. At 0.36, FCAP and LARK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.36 mean?
On the −1 to +1 scale, 0.36 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/fcap-vs-lark.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fcap-vs-lark/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FCAP correlations · LARK correlations
