LKFN vs WSBC: Correlation
Lakeland Financial Corporation (LKFN) and WesBanco, Inc. (WSBC) show a very strong relationship: their 3-year correlation of weekly returns is 0.85.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LKFN and WSBC?
Across a 3-year window, the weekly returns of LKFN and WSBC correlate at 0.85, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.77 lands near the 3-year figure. Stretching to 5 years gives 0.83, with an annualized covariance of 717.6 %².
Among the 15 assets we track against LKFN, WSBC ranks #4 by 3-year correlation. The last year tells two different stories: WSBC led by 39.0 percentage points, -10.4% for LKFN against +28.6% for WSBC.
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 WSBC: side by side
| LKFN (Lakeland Financial Corporation) | WSBC (WesBanco, Inc.) | |
|---|---|---|
| 1-year return | -10.4% | +28.6% |
| 5-year return | +4.7% | +48.2% |
| Volatility (ann.) | 29.9% | 28.3% |
| Beta vs S&P 500 | 0.75 | 0.77 |
| Max drawdown (3Y) | -31.7% | -26.9% |
| Market cap | $1.5B | $3.9B |
| P/E (trailing) | 13.6 | 11.5 |
| Dividend yield | 3.46% | 3.73% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LKFN | WSBC |
|---|---|---|
| 2022 | -7.0% | +9.9% |
| 2023 | -7.8% | -10.9% |
| 2024 | +8.7% | +8.8% |
| 2025 | -14.3% | +7.0% |
| 2026 | +6.4% | +24.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LKFN and WSBC good diversifiers for each other?
No. With a correlation of 0.85, LKFN and WSBC move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between LKFN and WSBC?
Using weekly returns as of 2026-08-27: 0.85 over 3 years, with 0.77 over the last year and 0.83 over 5 years.
Is WSBC a good diversifier for LKFN?
No. With a correlation of 0.85, LKFN and WSBC move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.85 mean?
On the −1 to +1 scale, 0.85 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/lkfn-vs-wsbc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lkfn-vs-wsbc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LKFN correlations · WSBC correlations
