FMBH vs QCRH: Correlation
First Mid Bancshares, Inc. (FMBH) and QCR Holdings, Inc. (QCRH) show a very strong relationship: their 3-year correlation of weekly returns is 0.84.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FMBH and QCRH?
Over the past 3 years, FMBH and QCRH moved with a correlation of 0.84, which is very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.83 over 1 year against 0.84 over 3. Over 5 years the correlation is 0.78, and the annualized covariance of weekly returns is 632.7 %².
Within FMBH's tracked universe of 56 assets, QCRH comes in at #21 by 3-year correlation. Their 12-month results are close: +26.9% for FMBH against +27.0% for QCRH.
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 QCRH: side by side
| FMBH (First Mid Bancshares, Inc.) | QCRH (QCR Holdings, Inc.) | |
|---|---|---|
| 1-year return | +26.9% | +27.0% |
| 5-year return | +40.9% | +100.9% |
| Volatility (ann.) | 26.0% | 29.0% |
| Beta vs S&P 500 | 0.76 | 0.80 |
| Max drawdown (3Y) | -27.5% | -32.1% |
| Market cap | $1.3B | $1.7B |
| P/E (trailing) | 12.5 | 11.9 |
| Dividend yield | 1.99% | 0.32% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FMBH | QCRH |
|---|---|---|
| 2022 | -23.2% | -11.0% |
| 2023 | +11.6% | +18.2% |
| 2024 | +9.1% | +38.6% |
| 2025 | +8.7% | +3.6% |
| 2026 | +31.1% | +21.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FMBH and QCRH good diversifiers for each other?
No: a correlation of 0.84 means FMBH and QCRH tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between FMBH and QCRH?
Using weekly returns as of 2026-08-27: 0.84 over 3 years, with 0.83 over the last year and 0.78 over 5 years.
Is QCRH a good diversifier for FMBH?
No: a correlation of 0.84 means FMBH and QCRH tend to fall together, which is precisely when diversification is supposed to help.
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/fmbh-vs-qcrh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fmbh-vs-qcrh/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FMBH correlations · QCRH correlations
