FCF vs SYBT: Correlation
How closely do First Commonwealth Financial Corporation (FCF) and Stock Yards Bancorp, Inc. (SYBT) trade together? Their weekly returns over three years give a correlation of 0.85, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FCF and SYBT?
On 3 years of weekly data the FCF/SYBT correlation comes out at 0.85, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.84 over 1 year against 0.85 over 3. The 5-year figure is 0.74, and annualized covariance runs at 683.0 %².
By 3-year correlation, SYBT places #33 of the 64 assets tracked against FCF. Their recent paths diverged sharply: over the last 12 months FCF outperformed by 21.4 percentage points (+20.3% for FCF against -1.1% for SYBT).
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 SYBT: side by side
| FCF (First Commonwealth Financial Corporation) | SYBT (Stock Yards Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +20.3% | -1.1% |
| 5-year return | +83.7% | +73.4% |
| Volatility (ann.) | 26.9% | 29.9% |
| Beta vs S&P 500 | 0.72 | 0.94 |
| Max drawdown (3Y) | -26.9% | -24.2% |
| Market cap | $2.1B | $2.5B |
| P/E (trailing) | 12.7 | 16.0 |
| Dividend yield | 2.64% | 1.60% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FCF | SYBT |
|---|---|---|
| 2022 | -10.3% | +3.6% |
| 2023 | +14.8% | -18.8% |
| 2024 | +13.4% | +42.2% |
| 2025 | +3.0% | -7.7% |
| 2026 | +26.0% | +23.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FCF and SYBT good diversifiers for each other?
Not really. At 0.85, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between FCF and SYBT?
As of 2026-08-27, the correlation of weekly returns between FCF and SYBT is 0.85 over 3 years, 0.84 over 1 year and 0.74 over 5 years.
Is SYBT a good diversifier for FCF?
Not really. At 0.85, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.85 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-sybt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fcf-vs-sybt/)
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Related comparisons
Hubs: FCF correlations · SYBT correlations
