FFIN vs SYBT: Correlation
How closely do First Financial Bankshares, Inc. (FFIN) and Stock Yards Bancorp, Inc. (SYBT) trade together? Their weekly returns over three years give a correlation of 0.84, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FFIN and SYBT?
Across a 3-year window, the weekly returns of FFIN and SYBT correlate at 0.84, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.79) sits close to the 3-year figure. Stretching to 5 years gives 0.76, with an annualized covariance of 766.4 %².
Among the 20 assets we track against FFIN, SYBT ranks #9 by 3-year correlation. Over the last 12 months SYBT came out ahead by 9.7 percentage points (-10.8% against -1.1%).
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 SYBT: side by side
| FFIN (First Financial Bankshares, Inc.) | SYBT (Stock Yards Bancorp, Inc.) | |
|---|---|---|
| 1-year return | -10.8% | -1.1% |
| 5-year return | -22.9% | +73.4% |
| Volatility (ann.) | 30.5% | 29.9% |
| Beta vs S&P 500 | 0.84 | 0.94 |
| Max drawdown (3Y) | -31.4% | -24.2% |
| Market cap | $4.7B | $2.5B |
| P/E (trailing) | 18.0 | 16.0 |
| Dividend yield | 2.35% | 1.60% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FFIN | SYBT |
|---|---|---|
| 2022 | -31.2% | +3.6% |
| 2023 | -9.8% | -18.8% |
| 2024 | +21.6% | +42.2% |
| 2025 | -15.3% | -7.7% |
| 2026 | +12.2% | +23.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FFIN and SYBT good diversifiers for each other?
Not really. At 0.84, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between FFIN and SYBT?
The FFIN/SYBT correlation stands at 0.84 on a 3-year window (1 year: 0.79, 5 years: 0.76), computed from weekly returns as of 2026-08-27.
Is SYBT a good diversifier for FFIN?
Not really. At 0.84, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.84 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-sybt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ffin-vs-sybt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FFIN correlations · SYBT correlations
