FXNC vs SRCE: Correlation
First National Corporation (FXNC) and 1st Source Corporation (SRCE) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FXNC and SRCE?
Over the past 3 years, FXNC and SRCE moved with a correlation of 0.52, which is moderate. The past 12 months show a tighter link (0.83) than the 3-year average (0.52). Over 5 years the correlation is 0.38, and the annualized covariance of weekly returns is 364.3 %².
Within FXNC's tracked universe of 13 assets, SRCE comes in at #5 by 3-year correlation. Their 12-month results are close: +35.9% for FXNC against +37.0% for SRCE.
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 SRCE: side by side
| FXNC (First National Corporation) | SRCE (1st Source Corporation) | |
|---|---|---|
| 1-year return | +35.9% | +37.0% |
| 5-year return | +71.2% | +110.2% |
| Volatility (ann.) | 27.4% | 25.5% |
| Beta vs S&P 500 | 0.50 | 0.61 |
| Max drawdown (3Y) | -31.6% | -21.2% |
| Market cap | $0.3B | $2.1B |
| P/E (trailing) | 12.9 | 12.4 |
| Dividend yield | 2.15% | 0.93% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FXNC | SRCE |
|---|---|---|
| 2022 | -23.3% | +9.8% |
| 2023 | +31.5% | +6.5% |
| 2024 | +9.3% | +9.0% |
| 2025 | +12.7% | +9.8% |
| 2026 | +24.6% | +40.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FXNC and SRCE good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between FXNC and SRCE?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.83 over the last year and 0.38 over 5 years.
Is SRCE a good diversifier for FXNC?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 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/fxnc-vs-srce.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fxnc-vs-srce/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FXNC correlations · SRCE correlations
