LCNB vs PFIS: Correlation
How closely do LCNB Corporation (LCNB) and Peoples Financial Services Corp. (PFIS) trade together? Their weekly returns over three years give a correlation of 0.75, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LCNB and PFIS?
Across a 3-year window, the weekly returns of LCNB and PFIS correlate at 0.75, strong. Recent behaviour matches the longer record: 0.76 over 1 year against 0.75 over 3. Stretching to 5 years gives 0.55, with an annualized covariance of 674.6 %².
PFIS is one of the assets that tracks LCNB most closely: it ranks #1 out of the 14 assets we track against LCNB. On 12-month performance PFIS holds a 8.1-point edge, +27.4% against +35.5%.
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.
LCNB vs PFIS: side by side
| LCNB (LCNB Corporation) | PFIS (Peoples Financial Services Corp.) | |
|---|---|---|
| 1-year return | +27.4% | +35.5% |
| 5-year return | +43.8% | +82.0% |
| Volatility (ann.) | 29.6% | 30.5% |
| Beta vs S&P 500 | 0.49 | 0.66 |
| Max drawdown (3Y) | -23.8% | -29.1% |
| Market cap | $0.3B | $0.7B |
| P/E (trailing) | 11.2 | 12.3 |
| Dividend yield | 4.59% | 3.56% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LCNB | PFIS |
|---|---|---|
| 2022 | -3.4% | +1.5% |
| 2023 | -7.5% | -2.5% |
| 2024 | +1.7% | +9.9% |
| 2025 | +14.7% | +0.0% |
| 2026 | +21.1% | +45.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LCNB and PFIS good diversifiers for each other?
Only partially. A correlation of 0.75 means LCNB and PFIS 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 LCNB and PFIS?
The LCNB/PFIS correlation stands at 0.75 on a 3-year window (1 year: 0.76, 5 years: 0.55), computed from weekly returns as of 2026-08-27.
Is PFIS a good diversifier for LCNB?
Only partially. A correlation of 0.75 means LCNB and PFIS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.75 mean?
On the −1 to +1 scale, 0.75 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/lcnb-vs-pfis.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lcnb-vs-pfis/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LCNB correlations · PFIS correlations
