FIBK vs VLY: Correlation
How closely do First Interstate BancSystem, Inc. (FIBK) and Valley National Bancorp (VLY) trade together? Their weekly returns over three years give a correlation of 0.83, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FIBK and VLY?
On 3 years of weekly data the FIBK/VLY correlation comes out at 0.83, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.81) sits close to the 3-year figure. The 5-year figure is 0.75, and annualized covariance runs at 822.5 %².
Within FIBK's tracked universe of 20 assets, VLY comes in at #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with VLY ahead by 16.0 points (+21.9% versus +37.9%).
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.
FIBK vs VLY: side by side
| FIBK (First Interstate BancSystem, Inc.) | VLY (Valley National Bancorp) | |
|---|---|---|
| 1-year return | +21.9% | +37.9% |
| 5-year return | +13.8% | +32.9% |
| Volatility (ann.) | 30.3% | 32.8% |
| Beta vs S&P 500 | 0.98 | 0.93 |
| Max drawdown (3Y) | -31.8% | -39.5% |
| Market cap | $3.6B | $7.7B |
| P/E (trailing) | 11.5 | 11.9 |
| Dividend yield | 5.05% | 3.12% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FIBK | VLY |
|---|---|---|
| 2022 | -0.8% | -14.6% |
| 2023 | -14.8% | +0.7% |
| 2024 | +12.9% | -11.9% |
| 2025 | +13.5% | +34.8% |
| 2026 | +11.8% | +21.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FIBK and VLY good diversifiers for each other?
No. With a correlation of 0.83, FIBK and VLY move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between FIBK and VLY?
As of 2026-08-27, the correlation of weekly returns between FIBK and VLY is 0.83 over 3 years, 0.81 over 1 year and 0.75 over 5 years.
Is VLY a good diversifier for FIBK?
No. With a correlation of 0.83, FIBK and VLY move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.83 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/fibk-vs-vly.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fibk-vs-vly/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FIBK correlations · VLY correlations
