FMBH vs FSBC: Correlation
Measured on weekly returns over the past three years, First Mid Bancshares, Inc. (FMBH) and Five Star Bancorp (FSBC) carry a correlation of 0.83, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FMBH and FSBC?
Across a 3-year window, the weekly returns of FMBH and FSBC correlate at 0.83, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.74 over 1 year against 0.83 over 3. Stretching to 5 years gives 0.63, with an annualized covariance of 585.2 %².
Among the 56 assets we track against FMBH, FSBC ranks #26 by 3-year correlation. On 12-month performance FSBC holds a 13.7-point edge, +26.9% against +40.6%.
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.
FMBH vs FSBC: side by side
| FMBH (First Mid Bancshares, Inc.) | FSBC (Five Star Bancorp) | |
|---|---|---|
| 1-year return | +26.9% | +40.6% |
| 5-year return | +40.9% | +117.2% |
| Volatility (ann.) | 26.0% | 27.1% |
| Beta vs S&P 500 | 0.76 | 0.82 |
| Max drawdown (3Y) | -27.5% | -24.5% |
| Market cap | $1.3B | $1.1B |
| P/E (trailing) | 12.5 | 13.4 |
| Dividend yield | 1.99% | 2.10% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FMBH | FSBC |
|---|---|---|
| 2022 | -23.2% | -7.2% |
| 2023 | +11.6% | -0.6% |
| 2024 | +9.1% | +18.6% |
| 2025 | +8.7% | +22.1% |
| 2026 | +31.1% | +28.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FMBH and FSBC good diversifiers for each other?
No. With a correlation of 0.83, FMBH and FSBC move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between FMBH and FSBC?
Using weekly returns as of 2026-08-27: 0.83 over 3 years, with 0.74 over the last year and 0.63 over 5 years.
Is FSBC a good diversifier for FMBH?
No. With a correlation of 0.83, FMBH and FSBC 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.
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Related comparisons
Hubs: FMBH correlations · FSBC correlations
