FFBC vs RRBI: Correlation
First Financial Bancorp. (FFBC) and Red River Bancshares, Inc. (RRBI) show a strong relationship: their 3-year correlation of weekly returns is 0.74.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FFBC and RRBI?
Across a 3-year window, the weekly returns of FFBC and RRBI correlate at 0.74, strong. Recent behaviour matches the longer record: 0.66 over 1 year against 0.74 over 3. Stretching to 5 years gives 0.54, with an annualized covariance of 494.5 %².
Within FFBC's tracked universe of 31 assets, RRBI comes in at #25 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months RRBI outperformed by 28.1 percentage points (+26.7% for FFBC against +54.8% for RRBI).
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 RRBI: side by side
| FFBC (First Financial Bancorp.) | RRBI (Red River Bancshares, Inc.) | |
|---|---|---|
| 1-year return | +26.7% | +54.8% |
| 5-year return | +69.6% | +108.4% |
| Volatility (ann.) | 28.0% | 23.7% |
| Beta vs S&P 500 | 0.81 | 0.62 |
| Max drawdown (3Y) | -26.1% | -23.0% |
| Market cap | $3.4B | $0.7B |
| P/E (trailing) | 11.6 | 14.5 |
| Dividend yield | 3.05% | 0.79% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FFBC | RRBI |
|---|---|---|
| 2022 | +3.4% | -4.0% |
| 2023 | +2.4% | +10.6% |
| 2024 | +17.6% | -3.1% |
| 2025 | -3.3% | +33.5% |
| 2026 | +33.1% | +42.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FFBC and RRBI good diversifiers for each other?
Somewhat, no more. With 0.74 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between FFBC and RRBI?
The FFBC/RRBI correlation stands at 0.74 on a 3-year window (1 year: 0.66, 5 years: 0.54), computed from weekly returns as of 2026-08-27.
Is RRBI a good diversifier for FFBC?
Somewhat, no more. With 0.74 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.74 mean?
On the −1 to +1 scale, 0.74 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/ffbc-vs-rrbi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ffbc-vs-rrbi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FFBC correlations · RRBI correlations
