FNLC vs GSBC: Correlation
How closely do First Bancorp, Inc (ME) (FNLC) and Great Southern Bancorp, Inc. (GSBC) trade together? Their weekly returns over three years give a correlation of 0.82, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNLC and GSBC?
On 3 years of weekly data the FNLC/GSBC correlation comes out at 0.82, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.75) sits close to the 3-year figure. The 5-year figure is 0.76, and annualized covariance runs at 596.5 %².
GSBC is one of the assets that tracks FNLC most closely: it ranks #1 out of the 17 assets we track against FNLC. Over the last 12 months FNLC came out ahead by 6.7 percentage points (+33.4% against +26.7%).
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.
FNLC vs GSBC: side by side
| FNLC (First Bancorp, Inc (ME)) | GSBC (Great Southern Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +33.4% | +26.7% |
| 5-year return | +51.0% | +68.1% |
| Volatility (ann.) | 29.5% | 24.8% |
| Beta vs S&P 500 | 0.46 | 0.62 |
| Max drawdown (3Y) | -25.0% | -23.4% |
| Market cap | $0.4B | $0.9B |
| P/E (trailing) | 10.2 | 13.1 |
| Dividend yield | 4.32% | 2.19% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FNLC | GSBC |
|---|---|---|
| 2022 | -0.4% | +3.1% |
| 2023 | -0.5% | +2.8% |
| 2024 | +2.5% | +3.5% |
| 2025 | +2.3% | +6.0% |
| 2026 | +35.6% | +29.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNLC and GSBC good diversifiers for each other?
No. With a correlation of 0.82, FNLC and GSBC move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between FNLC and GSBC?
As of 2026-08-27, the correlation of weekly returns between FNLC and GSBC is 0.82 over 3 years, 0.75 over 1 year and 0.76 over 5 years.
Is GSBC a good diversifier for FNLC?
No. With a correlation of 0.82, FNLC and GSBC move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.82 mean?
On the −1 to +1 scale, 0.82 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.
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Related comparisons
Hubs: FNLC correlations · GSBC correlations
