FFIN vs LKFN: Correlation
First Financial Bankshares, Inc. (FFIN) and Lakeland Financial Corporation (LKFN) show a very strong relationship: their 3-year correlation of weekly returns is 0.85.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FFIN and LKFN?
Over the past 3 years, FFIN and LKFN moved with a correlation of 0.85, which is very strong, meaning they move nearly in lockstep. Lately the two have drifted apart, with the 1-year correlation at 0.74 versus 0.85 over 3 years. Over 5 years the correlation is 0.73, and the annualized covariance of weekly returns is 770.5 %².
By 3-year correlation, LKFN places #6 of the 20 assets tracked against FFIN. Twelve-month performance is nearly a tie, at -10.8% for FFIN and -10.4% for LKFN.
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.
FFIN vs LKFN: side by side
| FFIN (First Financial Bankshares, Inc.) | LKFN (Lakeland Financial Corporation) | |
|---|---|---|
| 1-year return | -10.8% | -10.4% |
| 5-year return | -22.9% | +4.7% |
| Volatility (ann.) | 30.5% | 29.9% |
| Beta vs S&P 500 | 0.84 | 0.75 |
| Max drawdown (3Y) | -31.4% | -31.7% |
| Market cap | $4.7B | $1.5B |
| P/E (trailing) | 18.0 | 13.6 |
| Dividend yield | 2.35% | 3.46% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FFIN | LKFN |
|---|---|---|
| 2022 | -31.2% | -7.0% |
| 2023 | -9.8% | -7.8% |
| 2024 | +21.6% | +8.7% |
| 2025 | -15.3% | -14.3% |
| 2026 | +12.2% | +6.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FFIN and LKFN good diversifiers for each other?
No: a correlation of 0.85 means FFIN and LKFN tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between FFIN and LKFN?
The FFIN/LKFN correlation stands at 0.85 on a 3-year window (1 year: 0.74, 5 years: 0.73), computed from weekly returns as of 2026-08-27.
Is LKFN a good diversifier for FFIN?
No: a correlation of 0.85 means FFIN and LKFN tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.85 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/ffin-vs-lkfn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ffin-vs-lkfn/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FFIN correlations · LKFN correlations
