FCF vs THFF: Correlation
Measured on weekly returns over the past three years, First Commonwealth Financial Corporation (FCF) and First Financial Corporation (THFF) carry a correlation of 0.89, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FCF and THFF?
Over the past 3 years, FCF and THFF moved with a correlation of 0.89, which is very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.91) sits close to the 3-year figure. Over 5 years the correlation is 0.84, and the annualized covariance of weekly returns is 671.4 %².
Within FCF's tracked universe of 64 assets, THFF comes in at #12 by 3-year correlation. The last year tells two different stories: THFF led by 18.5 percentage points, +20.3% for FCF against +38.8% for THFF.
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 THFF: side by side
| FCF (First Commonwealth Financial Corporation) | THFF (First Financial Corporation) | |
|---|---|---|
| 1-year return | +20.3% | +38.8% |
| 5-year return | +83.7% | +135.2% |
| Volatility (ann.) | 26.9% | 28.2% |
| Beta vs S&P 500 | 0.72 | 0.81 |
| Max drawdown (3Y) | -26.9% | -20.2% |
| Market cap | $2.1B | $0.9B |
| P/E (trailing) | 12.7 | 11.1 |
| Dividend yield | 2.64% | 2.77% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FCF | THFF |
|---|---|---|
| 2022 | -10.3% | +4.4% |
| 2023 | +14.8% | -2.6% |
| 2024 | +13.4% | +11.1% |
| 2025 | +3.0% | +36.2% |
| 2026 | +26.0% | +35.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FCF and THFF 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 THFF?
The FCF/THFF correlation stands at 0.89 on a 3-year window (1 year: 0.91, 5 years: 0.84), computed from weekly returns as of 2026-08-27.
Is THFF 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?
On the −1 to +1 scale, 0.89 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fcf-vs-thff.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fcf-vs-thff/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FCF correlations · THFF correlations
