FCF vs HOMB: Correlation
First Commonwealth Financial Corporation (FCF) and Home BancShares, Inc. (HOMB) 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 FCF and HOMB?
Over the past 3 years, FCF and HOMB moved with a correlation of 0.87, which is very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.82 over 1 year against 0.87 over 3. Over 5 years the correlation is 0.84, and the annualized covariance of weekly returns is 579.6 %².
By 3-year correlation, HOMB places #20 of the 64 assets tracked against FCF. Correlation aside, the last 12 months split them widely, with FCF ahead by 18.5 points (+20.3% versus +1.8%).
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.
FCF vs HOMB: side by side
| FCF (First Commonwealth Financial Corporation) | HOMB (Home BancShares, Inc.) | |
|---|---|---|
| 1-year return | +20.3% | +1.8% |
| 5-year return | +83.7% | +56.7% |
| Volatility (ann.) | 26.9% | 24.7% |
| Beta vs S&P 500 | 0.72 | 0.65 |
| Max drawdown (3Y) | -26.9% | -21.4% |
| Market cap | $2.1B | $5.9B |
| P/E (trailing) | 12.7 | 12.3 |
| Dividend yield | 2.64% | 2.78% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FCF | HOMB |
|---|---|---|
| 2022 | -10.3% | -3.7% |
| 2023 | +14.8% | +14.8% |
| 2024 | +13.4% | +15.0% |
| 2025 | +3.0% | +0.9% |
| 2026 | +26.0% | +9.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FCF and HOMB 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 FCF and HOMB?
The FCF/HOMB correlation stands at 0.87 on a 3-year window (1 year: 0.82, 5 years: 0.84), computed from weekly returns as of 2026-08-27.
Is HOMB a good diversifier for FCF?
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/fcf-vs-homb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fcf-vs-homb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FCF correlations · HOMB correlations
