FFIN vs VMD: Correlation
Measured on weekly returns over the past three years, First Financial Bankshares, Inc. (FFIN) and Viemed Healthcare, Inc. (VMD) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FFIN and VMD?
Across a 3-year window, the weekly returns of FFIN and VMD correlate at 0.45, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.35 versus 0.45 over 3 years. Stretching to 5 years gives 0.30, with an annualized covariance of 557.0 %².
By 3-year correlation, VMD places #15 of the 20 assets tracked against FFIN. Their recent paths diverged sharply: over the last 12 months VMD outperformed by 36.3 percentage points (-10.8% for FFIN against +25.5% for VMD).
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 VMD: side by side
| FFIN (First Financial Bankshares, Inc.) | VMD (Viemed Healthcare, Inc.) | |
|---|---|---|
| 1-year return | -10.8% | +25.5% |
| 5-year return | -22.9% | +43.9% |
| Volatility (ann.) | 30.5% | 40.5% |
| Beta vs S&P 500 | 0.84 | 0.73 |
| Max drawdown (3Y) | -31.4% | -40.6% |
| Market cap | $4.7B | $0.3B |
| P/E (trailing) | 18.0 | 25.7 |
| Dividend yield | 2.35% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FFIN | VMD |
|---|---|---|
| 2022 | -31.2% | +44.8% |
| 2023 | -9.8% | +3.8% |
| 2024 | +21.6% | +2.2% |
| 2025 | -15.3% | -7.4% |
| 2026 | +12.2% | +21.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FFIN and VMD good diversifiers for each other?
Reasonably. At 0.45, FFIN and VMD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FFIN and VMD?
The FFIN/VMD correlation stands at 0.45 on a 3-year window (1 year: 0.35, 5 years: 0.30), computed from weekly returns as of 2026-08-27.
Is VMD a good diversifier for FFIN?
Reasonably. At 0.45, FFIN and VMD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 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-vmd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ffin-vs-vmd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FFIN correlations · VMD correlations
