FCF vs SRCE: Correlation
How closely do First Commonwealth Financial Corporation (FCF) and 1st Source Corporation (SRCE) trade together? Their weekly returns over three years give a correlation of 0.87, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FCF and SRCE?
Over the past 3 years, FCF and SRCE moved with a correlation of 0.87, which is very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.85 lands near the 3-year figure. Over 5 years the correlation is 0.79, and the annualized covariance of weekly returns is 595.7 %².
By 3-year correlation, SRCE places #22 of the 64 assets tracked against FCF. Their recent paths diverged sharply: over the last 12 months SRCE outperformed by 16.7 percentage points (+20.3% for FCF against +37.0% for SRCE).
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 SRCE: side by side
| FCF (First Commonwealth Financial Corporation) | SRCE (1st Source Corporation) | |
|---|---|---|
| 1-year return | +20.3% | +37.0% |
| 5-year return | +83.7% | +110.2% |
| Volatility (ann.) | 26.9% | 25.5% |
| Beta vs S&P 500 | 0.72 | 0.61 |
| Max drawdown (3Y) | -26.9% | -21.2% |
| Market cap | $2.1B | $2.1B |
| P/E (trailing) | 12.7 | 12.4 |
| Dividend yield | 2.64% | 0.93% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FCF | SRCE |
|---|---|---|
| 2022 | -10.3% | +9.8% |
| 2023 | +14.8% | +6.5% |
| 2024 | +13.4% | +9.0% |
| 2025 | +3.0% | +9.8% |
| 2026 | +26.0% | +40.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FCF and SRCE good diversifiers for each other?
No. With a correlation of 0.87, FCF and SRCE move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between FCF and SRCE?
The FCF/SRCE correlation stands at 0.87 on a 3-year window (1 year: 0.85, 5 years: 0.79), computed from weekly returns as of 2026-08-27.
Is SRCE a good diversifier for FCF?
No. With a correlation of 0.87, FCF and SRCE move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.87 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-srce.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fcf-vs-srce/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FCF correlations · SRCE correlations
