FFBC vs HWC: Correlation
Measured on weekly returns over the past three years, First Financial Bancorp. (FFBC) and Hancock Whitney Corporation (HWC) 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 FFBC and HWC?
Across a 3-year window, the weekly returns of FFBC and HWC correlate at 0.88, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.83) sits close to the 3-year figure. Stretching to 5 years gives 0.85, with an annualized covariance of 760.0 %².
By 3-year correlation, HWC places #6 of the 31 assets tracked against FFBC. Over the last 12 months FFBC came out ahead by 5.1 percentage points (+26.7% against +21.6%).
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.
FFBC vs HWC: side by side
| FFBC (First Financial Bancorp.) | HWC (Hancock Whitney Corporation) | |
|---|---|---|
| 1-year return | +26.7% | +21.6% |
| 5-year return | +69.6% | +89.0% |
| Volatility (ann.) | 28.0% | 30.7% |
| Beta vs S&P 500 | 0.81 | 1.03 |
| Max drawdown (3Y) | -26.1% | -23.9% |
| Market cap | $3.4B | $6.0B |
| P/E (trailing) | 11.6 | 14.7 |
| Dividend yield | 3.05% | 2.53% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FFBC | HWC |
|---|---|---|
| 2022 | +3.4% | -1.2% |
| 2023 | +2.4% | +3.3% |
| 2024 | +17.6% | +16.1% |
| 2025 | -3.3% | +20.0% |
| 2026 | +33.1% | +19.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FFBC and HWC good diversifiers for each other?
No: a correlation of 0.88 means FFBC and HWC tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between FFBC and HWC?
The FFBC/HWC correlation stands at 0.88 on a 3-year window (1 year: 0.83, 5 years: 0.85), computed from weekly returns as of 2026-08-27.
Is HWC a good diversifier for FFBC?
No: a correlation of 0.88 means FFBC and HWC tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.88 mean?
A reading of 0.88 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/ffbc-vs-hwc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ffbc-vs-hwc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FFBC correlations · HWC correlations
