FRBA vs STBA: Correlation
How closely do First Bank (FRBA) and S&T Bancorp, Inc. (STBA) 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 FRBA and STBA?
Over the past 3 years, FRBA and STBA moved with a correlation of 0.82, which is very strong, meaning they move nearly in lockstep. The past 12 months show a weaker link (0.62) than the 3-year average (0.82). Over 5 years the correlation is 0.73, and the annualized covariance of weekly returns is 623.3 %².
Few assets follow FRBA as closely as STBA, which ranks #3 of 14 tracked partners. Their recent paths diverged sharply: over the last 12 months STBA outperformed by 20.1 percentage points (+8.9% for FRBA against +29.0% for STBA).
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 STBA: side by side
| FRBA (First Bank) | STBA (S&T Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +8.9% | +29.0% |
| 5-year return | +47.4% | +102.2% |
| Volatility (ann.) | 26.6% | 28.7% |
| Beta vs S&P 500 | 0.61 | 0.68 |
| Max drawdown (3Y) | -22.0% | -26.1% |
| Market cap | $0.4B | $1.8B |
| P/E (trailing) | 10.4 | 13.3 |
| Dividend yield | 1.67% | 1.44% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FRBA | STBA |
|---|---|---|
| 2022 | -3.6% | +12.6% |
| 2023 | +9.1% | +2.1% |
| 2024 | -2.6% | +18.7% |
| 2025 | +18.8% | +6.7% |
| 2026 | +10.2% | +29.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FRBA and STBA good diversifiers for each other?
No: a correlation of 0.82 means FRBA and STBA tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between FRBA and STBA?
As of 2026-08-27, the correlation of weekly returns between FRBA and STBA is 0.82 over 3 years, 0.62 over 1 year and 0.73 over 5 years.
Is STBA a good diversifier for FRBA?
No: a correlation of 0.82 means FRBA and STBA tend to fall together, which is precisely when diversification is supposed to help.
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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/frba-vs-stba.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/frba-vs-stba/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FRBA correlations · STBA correlations
