FDBC vs FNLC: Correlation
Fidelity D & D Bancorp, Inc. (FDBC) and First Bancorp, Inc (ME) (FNLC) show a strong relationship: their 3-year correlation of weekly returns is 0.70.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FDBC and FNLC?
Over the past 3 years, FDBC and FNLC moved with a correlation of 0.70, which is strong. Recent behaviour matches the longer record: 0.71 over 1 year against 0.70 over 3. Over 5 years the correlation is 0.60, and the annualized covariance of weekly returns is 724.3 %².
Few assets follow FDBC as closely as FNLC, which ranks #2 of 14 tracked partners. Over the last 12 months FNLC came out ahead by 11.1 percentage points (+22.3% against +33.4%).
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.
FDBC vs FNLC: side by side
| FDBC (Fidelity D & D Bancorp, Inc.) | FNLC (First Bancorp, Inc (ME)) | |
|---|---|---|
| 1-year return | +22.3% | +33.4% |
| 5-year return | +16.8% | +51.0% |
| Volatility (ann.) | 35.2% | 29.5% |
| Beta vs S&P 500 | 0.69 | 0.46 |
| Max drawdown (3Y) | -35.1% | -25.0% |
| Market cap | $0.3B | $0.4B |
| P/E (trailing) | 10.1 | 10.2 |
| Dividend yield | 3.17% | 4.32% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FDBC | FNLC |
|---|---|---|
| 2022 | -17.5% | -0.4% |
| 2023 | +26.9% | -0.5% |
| 2024 | -13.2% | +2.5% |
| 2025 | -7.4% | +2.3% |
| 2026 | +25.7% | +35.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FDBC and FNLC good diversifiers for each other?
To a limited degree. At 0.70 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between FDBC and FNLC?
As of 2026-08-27, the correlation of weekly returns between FDBC and FNLC is 0.70 over 3 years, 0.71 over 1 year and 0.60 over 5 years.
Is FNLC a good diversifier for FDBC?
To a limited degree. At 0.70 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.70 mean?
A reading of 0.70 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fdbc-vs-fnlc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fdbc-vs-fnlc/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FDBC correlations · FNLC correlations
