FMNB vs RBCAA: Correlation
How closely do Farmers National Banc Corp. (FMNB) and Republic Bancorp, Inc. (RBCAA) trade together? Their weekly returns over three years give a correlation of 0.85, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FMNB and RBCAA?
Over the past 3 years, FMNB and RBCAA moved with a correlation of 0.85, which is very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.77) sits close to the 3-year figure. Over 5 years the correlation is 0.77, and the annualized covariance of weekly returns is 664.0 %².
Within FMNB's tracked universe of 20 assets, RBCAA comes in at #4 by 3-year correlation. Over the last 12 months RBCAA came out ahead by 14.8 percentage points (+10.3% against +25.1%).
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.
FMNB vs RBCAA: side by side
| FMNB (Farmers National Banc Corp.) | RBCAA (Republic Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +10.3% | +25.1% |
| 5-year return | +27.6% | +117.3% |
| Volatility (ann.) | 27.7% | 28.1% |
| Beta vs S&P 500 | 0.71 | 0.68 |
| Max drawdown (3Y) | -23.6% | -21.6% |
| Market cap | $0.9B | $1.8B |
| P/E (trailing) | 10.6 | 14.4 |
| Dividend yield | 4.34% | 2.01% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FMNB | RBCAA |
|---|---|---|
| 2022 | -20.6% | -16.9% |
| 2023 | +7.8% | +39.4% |
| 2024 | +3.4% | +30.3% |
| 2025 | -1.7% | +1.3% |
| 2026 | +21.3% | +38.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FMNB and RBCAA good diversifiers for each other?
No: a correlation of 0.85 means FMNB and RBCAA tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between FMNB and RBCAA?
Using weekly returns as of 2026-08-27: 0.85 over 3 years, with 0.77 over the last year and 0.77 over 5 years.
Is RBCAA a good diversifier for FMNB?
No: a correlation of 0.85 means FMNB and RBCAA tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.85 mean?
On the −1 to +1 scale, 0.85 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/fmnb-vs-rbcaa.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fmnb-vs-rbcaa/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FMNB correlations · RBCAA correlations
