FCF vs QCRH: Correlation
How closely do First Commonwealth Financial Corporation (FCF) and QCR Holdings, Inc. (QCRH) trade together? Their weekly returns over three years give a correlation of 0.83, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FCF and QCRH?
Across a 3-year window, the weekly returns of FCF and QCRH correlate at 0.83, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.77 lands near the 3-year figure. Stretching to 5 years gives 0.79, with an annualized covariance of 648.6 %².
Among the 64 assets we track against FCF, QCRH ranks #38 by 3-year correlation. On 12-month performance QCRH holds a 6.7-point edge, +20.3% against +27.0%.
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.
FCF vs QCRH: side by side
| FCF (First Commonwealth Financial Corporation) | QCRH (QCR Holdings, Inc.) | |
|---|---|---|
| 1-year return | +20.3% | +27.0% |
| 5-year return | +83.7% | +100.9% |
| Volatility (ann.) | 26.9% | 29.0% |
| Beta vs S&P 500 | 0.72 | 0.80 |
| Max drawdown (3Y) | -26.9% | -32.1% |
| Market cap | $2.1B | $1.7B |
| P/E (trailing) | 12.7 | 11.9 |
| Dividend yield | 2.64% | 0.32% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FCF | QCRH |
|---|---|---|
| 2022 | -10.3% | -11.0% |
| 2023 | +14.8% | +18.2% |
| 2024 | +13.4% | +38.6% |
| 2025 | +3.0% | +3.6% |
| 2026 | +26.0% | +21.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FCF and QCRH good diversifiers for each other?
No: a correlation of 0.83 means FCF and QCRH tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between FCF and QCRH?
Using weekly returns as of 2026-08-27: 0.83 over 3 years, with 0.77 over the last year and 0.79 over 5 years.
Is QCRH a good diversifier for FCF?
No: a correlation of 0.83 means FCF and QCRH tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.83 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-qcrh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fcf-vs-qcrh/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FCF correlations · QCRH correlations
