FCF vs PFS: Correlation
First Commonwealth Financial Corporation (FCF) and Provident Financial Services, Inc (PFS) show a very strong relationship: their 3-year correlation of weekly returns is 0.89.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FCF and PFS?
On 3 years of weekly data the FCF/PFS correlation comes out at 0.89, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.86 lands near the 3-year figure. The 5-year figure is 0.84, and annualized covariance runs at 726.0 %².
Among the 64 assets we track against FCF, PFS ranks #9 by 3-year correlation. Twelve-month performance is nearly a tie, at +20.3% for FCF and +23.9% for PFS.
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 PFS: side by side
| FCF (First Commonwealth Financial Corporation) | PFS (Provident Financial Services, Inc) | |
|---|---|---|
| 1-year return | +20.3% | +23.9% |
| 5-year return | +83.7% | +37.5% |
| Volatility (ann.) | 26.9% | 30.4% |
| Beta vs S&P 500 | 0.72 | 0.87 |
| Max drawdown (3Y) | -26.9% | -31.3% |
| Market cap | $2.1B | $3.1B |
| P/E (trailing) | 12.7 | 9.8 |
| Dividend yield | 2.64% | 2.04% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FCF | PFS |
|---|---|---|
| 2022 | -10.3% | -8.0% |
| 2023 | +14.8% | -10.8% |
| 2024 | +13.4% | +10.7% |
| 2025 | +3.0% | +10.2% |
| 2026 | +26.0% | +23.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FCF and PFS good diversifiers for each other?
Not really. At 0.89, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between FCF and PFS?
Using weekly returns as of 2026-08-27: 0.89 over 3 years, with 0.86 over the last year and 0.84 over 5 years.
Is PFS a good diversifier for FCF?
Not really. At 0.89, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.89 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/fcf-vs-pfs.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fcf-vs-pfs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FCF correlations · PFS correlations
