FRBA vs PBFS: Correlation
First Bank (FRBA) and Pioneer Bancorp, Inc. (PBFS) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FRBA and PBFS?
Over the past 3 years, FRBA and PBFS moved with a correlation of 0.51, which is moderate. Recent behaviour matches the longer record: 0.53 over 1 year against 0.51 over 3. Over 5 years the correlation is 0.41, and the annualized covariance of weekly returns is 300.6 %².
Within FRBA's tracked universe of 14 assets, PBFS comes in at #7 by 3-year correlation. The last year tells two different stories: PBFS led by 29.4 percentage points, +8.9% for FRBA against +38.3% for PBFS.
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.
FRBA vs PBFS: side by side
| FRBA (First Bank) | PBFS (Pioneer Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +8.9% | +38.3% |
| 5-year return | +47.4% | +44.7% |
| Volatility (ann.) | 26.6% | 22.2% |
| Beta vs S&P 500 | 0.61 | 0.37 |
| Max drawdown (3Y) | -22.0% | -19.3% |
| Market cap | $0.4B | $0.4B |
| P/E (trailing) | 10.4 | 25.3 |
| Dividend yield | 1.67% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FRBA | PBFS |
|---|---|---|
| 2022 | -3.6% | +0.7% |
| 2023 | +9.1% | -12.2% |
| 2024 | -2.6% | +15.1% |
| 2025 | +18.8% | +17.0% |
| 2026 | +10.2% | +31.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FRBA and PBFS good diversifiers for each other?
Only partially. A correlation of 0.51 means FRBA and PBFS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between FRBA and PBFS?
The FRBA/PBFS correlation stands at 0.51 on a 3-year window (1 year: 0.53, 5 years: 0.41), computed from weekly returns as of 2026-08-27.
Is PBFS a good diversifier for FRBA?
Only partially. A correlation of 0.51 means FRBA and PBFS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 mean?
A reading of 0.51 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: FRBA correlations · PBFS correlations
