FCNCA vs LND: Correlation
How closely do First Citizens BancShares, Inc. (FCNCA) and Brasilagro Brazilian Agric Real Estate Co Sponsored ADR (LND) trade together? Their weekly returns over three years give a correlation of -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FCNCA and LND?
Over the past 3 years, FCNCA and LND moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.40) than the 3-year average (-0.19). Over 5 years the correlation is 0.04, and the annualized covariance of weekly returns is -116.9 %².
Among the 11 assets we track against FCNCA, LND sits near the bottom by co-movement, at rank #8. On 12-month performance FCNCA holds a 11.8-point edge, +6.7% against -5.1%.
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.
FCNCA vs LND: side by side
| FCNCA (First Citizens BancShares, Inc.) | LND (Brasilagro Brazilian Agric Real Estate Co Sponsored ADR) | |
|---|---|---|
| 1-year return | +6.7% | -5.1% |
| 5-year return | +146.7% | +2.5% |
| Volatility (ann.) | 29.7% | 20.6% |
| Beta vs S&P 500 | 0.95 | 0.07 |
| Max drawdown (3Y) | -33.5% | -32.5% |
| Market cap | $24.4B | – |
| P/E (trailing) | 11.7 | – |
| Dividend yield | 0.38% | 20.30% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FCNCA | LND |
|---|---|---|
| 2022 | -8.4% | +23.6% |
| 2023 | +87.7% | +3.9% |
| 2024 | +49.5% | -27.2% |
| 2025 | +2.0% | -0.8% |
| 2026 | +0.9% | +3.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FCNCA and LND good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between FCNCA and LND?
The FCNCA/LND correlation stands at -0.19 on a 3-year window (1 year: -0.40, 5 years: 0.04), computed from weekly returns as of 2026-08-27.
Is LND a good diversifier for FCNCA?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 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/fcnca-vs-lnd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fcnca-vs-lnd/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FCNCA correlations · LND correlations
