FFIN vs SOLV: Correlation
Measured on weekly returns over the past three years, First Financial Bankshares, Inc. (FFIN) and Solventum (SOLV) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FFIN and SOLV?
Across a 3-year window, the weekly returns of FFIN and SOLV correlate at 0.49, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.33 versus 0.49 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of 429.2 %².
Within FFIN's tracked universe of 20 assets, SOLV comes in at #12 by 3-year correlation. The last year tells two different stories: SOLV led by 35.5 percentage points, -10.8% for FFIN against +24.7% for SOLV.
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 SOLV: side by side
| FFIN (First Financial Bankshares, Inc.) | SOLV (Solventum) | |
|---|---|---|
| 1-year return | -10.8% | +24.7% |
| 5-year return | -22.9% | n/a |
| Volatility (ann.) | 30.5% | 30.4% |
| Beta vs S&P 500 | 0.84 | 0.62 |
| Max drawdown (3Y) | -31.4% | -40.0% |
| Market cap | $4.7B | $15.5B |
| P/E (trailing) | 18.0 | 11.2 |
| Dividend yield | 2.35% | 0.00% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | FFIN | SOLV |
|---|---|---|
| 2022 | -31.2% | – |
| 2023 | -9.8% | – |
| 2024 | +21.6% | – |
| 2025 | -15.3% | +20.0% |
| 2026 | +12.2% | +14.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FFIN and SOLV good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FFIN and SOLV?
As of 2026-08-27, the correlation of weekly returns between FFIN and SOLV is 0.49 over 3 years, 0.33 over 1 year and n/a over 5 years.
Is SOLV a good diversifier for FFIN?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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/ffin-vs-solv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ffin-vs-solv/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FFIN correlations · SOLV correlations
