FCF vs TMP: Correlation
First Commonwealth Financial Corporation (FCF) and Tompkins Financial Corporation (TMP) show a very strong relationship: their 3-year correlation of weekly returns is 0.88.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FCF and TMP?
Across a 3-year window, the weekly returns of FCF and TMP correlate at 0.88, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.80 over 1 year against 0.88 over 3. Stretching to 5 years gives 0.83, with an annualized covariance of 747.6 %².
By 3-year correlation, TMP places #16 of the 64 assets tracked against FCF. Their recent paths diverged sharply: over the last 12 months TMP outperformed by 21.5 percentage points (+20.3% for FCF against +41.8% for TMP).
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 TMP: side by side
| FCF (First Commonwealth Financial Corporation) | TMP (Tompkins Financial Corporation) | |
|---|---|---|
| 1-year return | +20.3% | +41.8% |
| 5-year return | +83.7% | +49.6% |
| Volatility (ann.) | 26.9% | 31.6% |
| Beta vs S&P 500 | 0.72 | 0.72 |
| Max drawdown (3Y) | -26.9% | -30.9% |
| Market cap | $2.1B | $1.4B |
| P/E (trailing) | 12.7 | 8.0 |
| Dividend yield | 2.64% | 2.68% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FCF | TMP |
|---|---|---|
| 2022 | -10.3% | -4.4% |
| 2023 | +14.8% | -19.2% |
| 2024 | +13.4% | +17.8% |
| 2025 | +3.0% | +11.1% |
| 2026 | +26.0% | +37.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FCF and TMP good diversifiers for each other?
Not really. At 0.88, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between FCF and TMP?
The FCF/TMP correlation stands at 0.88 on a 3-year window (1 year: 0.80, 5 years: 0.83), computed from weekly returns as of 2026-08-27.
Is TMP a good diversifier for FCF?
Not really. At 0.88, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.88 mean?
On the −1 to +1 scale, 0.88 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-tmp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fcf-vs-tmp/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FCF correlations · TMP correlations
