FNWB vs PLBC: Correlation
First Northwest Bancorp (FNWB) and Plumas Bancorp (PLBC) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNWB and PLBC?
On 3 years of weekly data the FNWB/PLBC correlation comes out at 0.42, moderate. The relationship has been stable: the 1-year correlation (0.42) sits close to the 3-year figure. The 5-year figure is 0.35, and annualized covariance runs at 438.4 %².
PLBC is one of the assets that tracks FNWB most closely: it ranks #3 out of the 10 assets we track against FNWB. Their 12-month results are close: +46.4% for FNWB against +45.3% for PLBC.
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.
FNWB vs PLBC: side by side
| FNWB (First Northwest Bancorp) | PLBC (Plumas Bancorp) | |
|---|---|---|
| 1-year return | +46.4% | +45.3% |
| 5-year return | -35.8% | +114.6% |
| Volatility (ann.) | 34.5% | 30.5% |
| Beta vs S&P 500 | 0.28 | 0.37 |
| Max drawdown (3Y) | -55.0% | -26.7% |
| Market cap | $0.1B | $0.4B |
| P/E (trailing) | 65.5 | 12.0 |
| Dividend yield | 0.00% | 2.06% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FNWB | PLBC |
|---|---|---|
| 2022 | -22.7% | +11.7% |
| 2023 | +6.1% | +14.7% |
| 2024 | -34.3% | +17.5% |
| 2025 | -6.8% | -2.7% |
| 2026 | +18.8% | +39.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNWB and PLBC good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FNWB and PLBC?
As of 2026-08-27, the correlation of weekly returns between FNWB and PLBC is 0.42 over 3 years, 0.42 over 1 year and 0.35 over 5 years.
Is PLBC a good diversifier for FNWB?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 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/fnwb-vs-plbc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fnwb-vs-plbc/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FNWB correlations · PLBC correlations
