FRAF vs LCNB: Correlation
Measured on weekly returns over the past three years, Franklin Financial Services Corporation (FRAF) and LCNB Corporation (LCNB) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FRAF and LCNB?
On 3 years of weekly data the FRAF/LCNB correlation comes out at 0.39, moderate. Recent behaviour matches the longer record: 0.48 over 1 year against 0.39 over 3. The 5-year figure is 0.38, and annualized covariance runs at 367.9 %².
In FRAF's tracked universe of 15 assets, LCNB sits right near the top at #3. The trailing year gives FRAF the advantage: +36.8% versus +27.4%, a 9.4-point spread.
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.
FRAF vs LCNB: side by side
| FRAF (Franklin Financial Services Corporation) | LCNB (LCNB Corporation) | |
|---|---|---|
| 1-year return | +36.8% | +27.4% |
| 5-year return | +133.8% | +43.8% |
| Volatility (ann.) | 31.7% | 29.6% |
| Beta vs S&P 500 | 0.22 | 0.49 |
| Max drawdown (3Y) | -25.5% | -23.8% |
| Market cap | $0.3B | $0.3B |
| P/E (trailing) | 11.3 | 11.2 |
| Dividend yield | 2.14% | 4.59% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FRAF | LCNB |
|---|---|---|
| 2022 | +13.5% | -3.4% |
| 2023 | -8.8% | -7.5% |
| 2024 | -1.4% | +1.7% |
| 2025 | +73.5% | +14.7% |
| 2026 | +25.9% | +21.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FRAF and LCNB good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FRAF and LCNB?
As of 2026-08-27, the correlation of weekly returns between FRAF and LCNB is 0.39 over 3 years, 0.48 over 1 year and 0.38 over 5 years.
Is LCNB a good diversifier for FRAF?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 mean?
On the −1 to +1 scale, 0.39 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/fraf-vs-lcnb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fraf-vs-lcnb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FRAF correlations · LCNB correlations
