FVCB vs THFF: Correlation
Measured on weekly returns over the past three years, FVCBankcorp, Inc. (FVCB) and First Financial Corporation (THFF) carry a correlation of 0.71, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FVCB and THFF?
Over the past 3 years, FVCB and THFF moved with a correlation of 0.71, which is strong. The link has tightened recently: the 1-year correlation (0.83) runs above the 3-year figure (0.71). Over 5 years the correlation is 0.66, and the annualized covariance of weekly returns is 707.7 %².
In FVCB's tracked universe of 14 assets, THFF sits right near the top at #3. Twelve-month performance is nearly a tie, at +36.6% for FVCB and +38.8% for THFF.
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.
FVCB vs THFF: side by side
| FVCB (FVCBankcorp, Inc.) | THFF (First Financial Corporation) | |
|---|---|---|
| 1-year return | +36.6% | +38.8% |
| 5-year return | +19.5% | +135.2% |
| Volatility (ann.) | 35.2% | 28.2% |
| Beta vs S&P 500 | 0.80 | 0.81 |
| Max drawdown (3Y) | -34.3% | -20.2% |
| Market cap | $0.3B | $0.9B |
| P/E (trailing) | 12.7 | 11.1 |
| Dividend yield | 1.43% | 2.77% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FVCB | THFF |
|---|---|---|
| 2022 | -3.1% | +4.4% |
| 2023 | -6.9% | -2.6% |
| 2024 | -11.5% | +11.1% |
| 2025 | +11.7% | +36.2% |
| 2026 | +33.3% | +35.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FVCB and THFF good diversifiers for each other?
Only partially. A correlation of 0.71 means FVCB and THFF 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 FVCB and THFF?
The FVCB/THFF correlation stands at 0.71 on a 3-year window (1 year: 0.83, 5 years: 0.66), computed from weekly returns as of 2026-08-27.
Is THFF a good diversifier for FVCB?
Only partially. A correlation of 0.71 means FVCB and THFF share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.71 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fvcb-vs-thff.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fvcb-vs-thff/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FVCB correlations · THFF correlations
