FNLC vs VLGEA: Correlation
First Bancorp, Inc (ME) (FNLC) and Village Super Market, Inc. (VLGEA) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNLC and VLGEA?
On 3 years of weekly data the FNLC/VLGEA correlation comes out at 0.52, moderate. Little has changed lately, as the 1-year reading of 0.44 lands near the 3-year figure. The 5-year figure is 0.48, and annualized covariance runs at 425.4 %².
Within FNLC's tracked universe of 17 assets, VLGEA comes in at #10 by 3-year correlation. On 12-month performance FNLC holds a 10.3-point edge, +33.4% against +23.1%.
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.
FNLC vs VLGEA: side by side
| FNLC (First Bancorp, Inc (ME)) | VLGEA (Village Super Market, Inc.) | |
|---|---|---|
| 1-year return | +33.4% | +23.1% |
| 5-year return | +51.0% | +137.7% |
| Volatility (ann.) | 29.5% | 27.9% |
| Beta vs S&P 500 | 0.46 | 0.32 |
| Max drawdown (3Y) | -25.0% | -21.1% |
| Market cap | $0.4B | $0.6B |
| P/E (trailing) | 10.2 | 11.9 |
| Dividend yield | 4.32% | 2.29% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FNLC | VLGEA |
|---|---|---|
| 2022 | -0.4% | +4.1% |
| 2023 | -0.5% | +17.7% |
| 2024 | +2.5% | +26.0% |
| 2025 | +2.3% | +14.9% |
| 2026 | +35.6% | +24.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNLC and VLGEA good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between FNLC and VLGEA?
As of 2026-08-27, the correlation of weekly returns between FNLC and VLGEA is 0.52 over 3 years, 0.44 over 1 year and 0.48 over 5 years.
Is VLGEA a good diversifier for FNLC?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 mean?
On the −1 to +1 scale, 0.52 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
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Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fnlc-vs-vlgea/)
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Related comparisons
Hubs: FNLC correlations · VLGEA correlations
