NTB vs PFS: Correlation
Bank of N.T. Butterfield & Son Limited (The) Voting (NTB) and Provident Financial Services, Inc (PFS) show a strong relationship: their 3-year correlation of weekly returns is 0.74.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NTB and PFS?
Over the past 3 years, NTB and PFS moved with a correlation of 0.74, which is strong. The past 12 months show a weaker link (0.54) than the 3-year average (0.74). Over 5 years the correlation is 0.67, and the annualized covariance of weekly returns is 530.3 %².
Among the 12 assets we track against NTB, PFS ranks #5 by 3-year correlation. The trailing year gives NTB the advantage: +34.0% versus +23.9%, a 10.1-point spread.
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.
NTB vs PFS: side by side
| NTB (Bank of N.T. Butterfield & Son Limited (The) Voting) | PFS (Provident Financial Services, Inc) | |
|---|---|---|
| 1-year return | +34.0% | +23.9% |
| 5-year return | +125.2% | +37.5% |
| Volatility (ann.) | 23.5% | 30.4% |
| Beta vs S&P 500 | 0.71 | 0.87 |
| Max drawdown (3Y) | -14.7% | -31.3% |
| Market cap | $2.3B | $3.1B |
| P/E (trailing) | 10.4 | 9.8 |
| Dividend yield | 3.39% | 2.04% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NTB | PFS |
|---|---|---|
| 2022 | -17.5% | -8.0% |
| 2023 | +14.3% | -10.8% |
| 2024 | +20.2% | +10.7% |
| 2025 | +41.0% | +10.2% |
| 2026 | +21.9% | +23.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NTB and PFS good diversifiers for each other?
To a limited degree. At 0.74 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between NTB and PFS?
As of 2026-08-27, the correlation of weekly returns between NTB and PFS is 0.74 over 3 years, 0.54 over 1 year and 0.67 over 5 years.
Is PFS a good diversifier for NTB?
To a limited degree. At 0.74 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.74 mean?
A reading of 0.74 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/ntb-vs-pfs.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ntb-vs-pfs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NTB correlations · PFS correlations
