FRBA vs THFF: Correlation
First Bank (FRBA) and First Financial Corporation (THFF) show a very strong relationship: their 3-year correlation of weekly returns is 0.81.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FRBA and THFF?
Across a 3-year window, the weekly returns of FRBA and THFF correlate at 0.81, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.75 over 1 year against 0.81 over 3. Stretching to 5 years gives 0.75, with an annualized covariance of 610.2 %².
Among the 14 assets we track against FRBA, THFF ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with THFF ahead by 29.9 points (+8.9% versus +38.8%).
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 THFF: side by side
| FRBA (First Bank) | THFF (First Financial Corporation) | |
|---|---|---|
| 1-year return | +8.9% | +38.8% |
| 5-year return | +47.4% | +135.2% |
| Volatility (ann.) | 26.6% | 28.2% |
| Beta vs S&P 500 | 0.61 | 0.81 |
| Max drawdown (3Y) | -22.0% | -20.2% |
| Market cap | $0.4B | $0.9B |
| P/E (trailing) | 10.4 | 11.1 |
| Dividend yield | 1.67% | 2.77% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FRBA | THFF |
|---|---|---|
| 2022 | -3.6% | +4.4% |
| 2023 | +9.1% | -2.6% |
| 2024 | -2.6% | +11.1% |
| 2025 | +18.8% | +36.2% |
| 2026 | +10.2% | +35.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FRBA and THFF good diversifiers for each other?
No: a correlation of 0.81 means FRBA and THFF tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between FRBA and THFF?
The FRBA/THFF correlation stands at 0.81 on a 3-year window (1 year: 0.75, 5 years: 0.75), computed from weekly returns as of 2026-08-27.
Is THFF a good diversifier for FRBA?
No: a correlation of 0.81 means FRBA and THFF tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.81 mean?
On the −1 to +1 scale, 0.81 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-thff.json
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Related comparisons
Hubs: FRBA correlations · THFF correlations
