FFBC vs TRMK: Correlation
First Financial Bancorp. (FFBC) and Trustmark Corporation (TRMK) show a very strong relationship: their 3-year correlation of weekly returns is 0.89.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FFBC and TRMK?
On 3 years of weekly data the FFBC/TRMK correlation comes out at 0.89, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.85) sits close to the 3-year figure. The 5-year figure is 0.82, and annualized covariance runs at 668.5 %².
Within FFBC's tracked universe of 31 assets, TRMK comes in at #5 by 3-year correlation. On 12-month performance FFBC holds a 10.2-point edge, +26.7% against +16.5%.
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 TRMK: side by side
| FFBC (First Financial Bancorp.) | TRMK (Trustmark Corporation) | |
|---|---|---|
| 1-year return | +26.7% | +16.5% |
| 5-year return | +69.6% | +69.7% |
| Volatility (ann.) | 28.0% | 27.0% |
| Beta vs S&P 500 | 0.81 | 0.91 |
| Max drawdown (3Y) | -26.1% | -22.0% |
| Market cap | $3.4B | $2.7B |
| P/E (trailing) | 11.6 | 11.8 |
| Dividend yield | 3.05% | 2.12% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FFBC | TRMK |
|---|---|---|
| 2022 | +3.4% | +10.7% |
| 2023 | +2.4% | -17.0% |
| 2024 | +17.6% | +30.6% |
| 2025 | -3.3% | +13.0% |
| 2026 | +33.1% | +20.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FFBC and TRMK good diversifiers for each other?
No. With a correlation of 0.89, FFBC and TRMK move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between FFBC and TRMK?
As of 2026-08-27, the correlation of weekly returns between FFBC and TRMK is 0.89 over 3 years, 0.85 over 1 year and 0.82 over 5 years.
Is TRMK a good diversifier for FFBC?
No. With a correlation of 0.89, FFBC and TRMK move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.89 mean?
A reading of 0.89 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: FFBC correlations · TRMK correlations
