FCF vs TSBK: Correlation
First Commonwealth Financial Corporation (FCF) and Timberland Bancorp, Inc. (TSBK) show a strong relationship: their 3-year correlation of weekly returns is 0.76.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FCF and TSBK?
Across a 3-year window, the weekly returns of FCF and TSBK correlate at 0.76, strong. Recent behaviour matches the longer record: 0.66 over 1 year against 0.76 over 3. Stretching to 5 years gives 0.65, with an annualized covariance of 521.8 %².
Among the 64 assets we track against FCF, TSBK ranks #52 by 3-year correlation. The last year tells two different stories: TSBK led by 22.4 percentage points, +20.3% for FCF against +42.7% for TSBK.
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 TSBK: side by side
| FCF (First Commonwealth Financial Corporation) | TSBK (Timberland Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +20.3% | +42.7% |
| 5-year return | +83.7% | +87.7% |
| Volatility (ann.) | 26.9% | 25.5% |
| Beta vs S&P 500 | 0.72 | 0.58 |
| Max drawdown (3Y) | -26.9% | -22.9% |
| Market cap | $2.1B | $0.4B |
| P/E (trailing) | 12.7 | 11.6 |
| Dividend yield | 2.64% | 2.43% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FCF | TSBK |
|---|---|---|
| 2022 | -10.3% | +27.5% |
| 2023 | +14.8% | -4.8% |
| 2024 | +13.4% | +0.4% |
| 2025 | +3.0% | +21.3% |
| 2026 | +26.0% | +31.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FCF and TSBK good diversifiers for each other?
Only partially. A correlation of 0.76 means FCF and TSBK share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between FCF and TSBK?
The FCF/TSBK correlation stands at 0.76 on a 3-year window (1 year: 0.66, 5 years: 0.65), computed from weekly returns as of 2026-08-27.
Is TSBK a good diversifier for FCF?
Only partially. A correlation of 0.76 means FCF and TSBK share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.76 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-tsbk.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fcf-vs-tsbk/)
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Related comparisons
Hubs: FCF correlations · TSBK correlations
