FXNC vs SMBK: Correlation
Measured on weekly returns over the past three years, First National Corporation (FXNC) and SmartFinancial, Inc. (SMBK) carry a correlation of 0.53, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FXNC and SMBK?
Across a 3-year window, the weekly returns of FXNC and SMBK correlate at 0.53, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.82 versus 0.53 over 3 years. Stretching to 5 years gives 0.45, with an annualized covariance of 420.2 %².
In FXNC's tracked universe of 13 assets, SMBK sits right near the top at #3. Their 12-month results are close: +35.9% for FXNC against +37.6% for SMBK.
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.
FXNC vs SMBK: side by side
| FXNC (First National Corporation) | SMBK (SmartFinancial, Inc.) | |
|---|---|---|
| 1-year return | +35.9% | +37.6% |
| 5-year return | +71.2% | +113.7% |
| Volatility (ann.) | 27.4% | 28.9% |
| Beta vs S&P 500 | 0.50 | 0.84 |
| Max drawdown (3Y) | -31.6% | -26.4% |
| Market cap | $0.3B | $0.9B |
| P/E (trailing) | 12.9 | 14.9 |
| Dividend yield | 2.15% | 0.65% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FXNC | SMBK |
|---|---|---|
| 2022 | -23.3% | +1.6% |
| 2023 | +31.5% | -9.7% |
| 2024 | +9.3% | +28.1% |
| 2025 | +12.7% | +20.5% |
| 2026 | +24.6% | +37.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FXNC and SMBK good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between FXNC and SMBK?
As of 2026-08-27, the correlation of weekly returns between FXNC and SMBK is 0.53 over 3 years, 0.82 over 1 year and 0.45 over 5 years.
Is SMBK a good diversifier for FXNC?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 mean?
A reading of 0.53 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fxnc-vs-smbk.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fxnc-vs-smbk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FXNC correlations · SMBK correlations
