FCF vs WSFS: Correlation
Measured on weekly returns over the past three years, First Commonwealth Financial Corporation (FCF) and WSFS Financial Corporation (WSFS) carry a correlation of 0.88, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FCF and WSFS?
Over the past 3 years, FCF and WSFS moved with a correlation of 0.88, which is very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.78 lands near the 3-year figure. Over 5 years the correlation is 0.81, and the annualized covariance of weekly returns is 706.1 %².
Within FCF's tracked universe of 64 assets, WSFS comes in at #17 by 3-year correlation. On 12-month performance WSFS holds a 13.7-point edge, +20.3% against +34.0%.
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 WSFS: side by side
| FCF (First Commonwealth Financial Corporation) | WSFS (WSFS Financial Corporation) | |
|---|---|---|
| 1-year return | +20.3% | +34.0% |
| 5-year return | +83.7% | +85.9% |
| Volatility (ann.) | 26.9% | 29.9% |
| Beta vs S&P 500 | 0.72 | 0.89 |
| Max drawdown (3Y) | -26.9% | -24.7% |
| Market cap | $2.1B | $4.0B |
| P/E (trailing) | 12.7 | 13.2 |
| Dividend yield | 2.64% | 0.90% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FCF | WSFS |
|---|---|---|
| 2022 | -10.3% | -8.4% |
| 2023 | +14.8% | +2.9% |
| 2024 | +13.4% | +17.1% |
| 2025 | +3.0% | +5.2% |
| 2026 | +26.0% | +43.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FCF and WSFS good diversifiers for each other?
No: a correlation of 0.88 means FCF and WSFS tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between FCF and WSFS?
The FCF/WSFS correlation stands at 0.88 on a 3-year window (1 year: 0.78, 5 years: 0.81), computed from weekly returns as of 2026-08-27.
Is WSFS a good diversifier for FCF?
No: a correlation of 0.88 means FCF and WSFS tend to fall together, which is precisely when diversification is supposed to help.
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-wsfs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fcf-vs-wsfs/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FCF correlations · WSFS correlations
