FFBC vs PFS: Correlation
How closely do First Financial Bancorp. (FFBC) and Provident Financial Services, Inc (PFS) trade together? Their weekly returns over three years give a correlation of 0.89, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FFBC and PFS?
Across a 3-year window, the weekly returns of FFBC and PFS correlate at 0.89, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.89 lands near the 3-year figure. Stretching to 5 years gives 0.84, with an annualized covariance of 758.5 %².
By 3-year correlation, PFS places #4 of the 31 assets tracked against FFBC. Their 12-month results are close: +26.7% for FFBC against +23.9% for PFS.
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 PFS: side by side
| FFBC (First Financial Bancorp.) | PFS (Provident Financial Services, Inc) | |
|---|---|---|
| 1-year return | +26.7% | +23.9% |
| 5-year return | +69.6% | +37.5% |
| Volatility (ann.) | 28.0% | 30.4% |
| Beta vs S&P 500 | 0.81 | 0.87 |
| Max drawdown (3Y) | -26.1% | -31.3% |
| Market cap | $3.4B | $3.1B |
| P/E (trailing) | 11.6 | 9.8 |
| Dividend yield | 3.05% | 2.04% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FFBC | PFS |
|---|---|---|
| 2022 | +3.4% | -8.0% |
| 2023 | +2.4% | -10.8% |
| 2024 | +17.6% | +10.7% |
| 2025 | -3.3% | +10.2% |
| 2026 | +33.1% | +23.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FFBC and PFS good diversifiers for each other?
Not really. At 0.89, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between FFBC and PFS?
The FFBC/PFS correlation stands at 0.89 on a 3-year window (1 year: 0.89, 5 years: 0.84), computed from weekly returns as of 2026-08-27.
Is PFS a good diversifier for FFBC?
Not really. At 0.89, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.89 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/ffbc-vs-pfs.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ffbc-vs-pfs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FFBC correlations · PFS correlations
