FMBH vs TMP: Correlation
How closely do First Mid Bancshares, Inc. (FMBH) and Tompkins Financial Corporation (TMP) trade together? Their weekly returns over three years give a correlation of 0.88, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FMBH and TMP?
On 3 years of weekly data the FMBH/TMP correlation comes out at 0.88, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.86 over 1 year against 0.88 over 3. The 5-year figure is 0.81, and annualized covariance runs at 724.2 %².
Within FMBH's tracked universe of 56 assets, TMP comes in at #7 by 3-year correlation. On 12-month performance TMP holds a 14.9-point edge, +26.9% against +41.8%.
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 TMP: side by side
| FMBH (First Mid Bancshares, Inc.) | TMP (Tompkins Financial Corporation) | |
|---|---|---|
| 1-year return | +26.9% | +41.8% |
| 5-year return | +40.9% | +49.6% |
| Volatility (ann.) | 26.0% | 31.6% |
| Beta vs S&P 500 | 0.76 | 0.72 |
| Max drawdown (3Y) | -27.5% | -30.9% |
| Market cap | $1.3B | $1.4B |
| P/E (trailing) | 12.5 | 8.0 |
| Dividend yield | 1.99% | 2.68% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FMBH | TMP |
|---|---|---|
| 2022 | -23.2% | -4.4% |
| 2023 | +11.6% | -19.2% |
| 2024 | +9.1% | +17.8% |
| 2025 | +8.7% | +11.1% |
| 2026 | +31.1% | +37.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FMBH and TMP good diversifiers for each other?
No: a correlation of 0.88 means FMBH and TMP tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between FMBH and TMP?
Using weekly returns as of 2026-08-27: 0.88 over 3 years, with 0.86 over the last year and 0.81 over 5 years.
Is TMP a good diversifier for FMBH?
No: a correlation of 0.88 means FMBH and TMP tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.88 mean?
On the −1 to +1 scale, 0.88 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fmbh-vs-tmp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fmbh-vs-tmp/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FMBH correlations · TMP correlations
