LKFN vs QCRH: Correlation
How closely do Lakeland Financial Corporation (LKFN) and QCR Holdings, Inc. (QCRH) trade together? Their weekly returns over three years give a correlation of 0.83, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LKFN and QCRH?
Over the past 3 years, LKFN and QCRH moved with a correlation of 0.83, which is very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.77 over 1 year against 0.83 over 3. Over 5 years the correlation is 0.69, and the annualized covariance of weekly returns is 721.9 %².
Within LKFN's tracked universe of 15 assets, QCRH comes in at #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QCRH ahead by 37.4 points (-10.4% versus +27.0%).
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.
LKFN vs QCRH: side by side
| LKFN (Lakeland Financial Corporation) | QCRH (QCR Holdings, Inc.) | |
|---|---|---|
| 1-year return | -10.4% | +27.0% |
| 5-year return | +4.7% | +100.9% |
| Volatility (ann.) | 29.9% | 29.0% |
| Beta vs S&P 500 | 0.75 | 0.80 |
| Max drawdown (3Y) | -31.7% | -32.1% |
| Market cap | $1.5B | $1.7B |
| P/E (trailing) | 13.6 | 11.9 |
| Dividend yield | 3.46% | 0.32% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LKFN | QCRH |
|---|---|---|
| 2022 | -7.0% | -11.0% |
| 2023 | -7.8% | +18.2% |
| 2024 | +8.7% | +38.6% |
| 2025 | -14.3% | +3.6% |
| 2026 | +6.4% | +21.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LKFN and QCRH good diversifiers for each other?
No: a correlation of 0.83 means LKFN and QCRH tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between LKFN and QCRH?
Using weekly returns as of 2026-08-27: 0.83 over 3 years, with 0.77 over the last year and 0.69 over 5 years.
Is QCRH a good diversifier for LKFN?
No: a correlation of 0.83 means LKFN and QCRH tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.83 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/lkfn-vs-qcrh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lkfn-vs-qcrh/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LKFN correlations · QCRH correlations
