PDLB vs THFF: Correlation
Measured on weekly returns over the past three years, Ponce Financial Group, Inc. (PDLB) and First Financial Corporation (THFF) carry a correlation of 0.74, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PDLB and THFF?
Over the past 3 years, PDLB and THFF moved with a correlation of 0.74, which is strong. The relationship has been stable: the 1-year correlation (0.73) sits close to the 3-year figure. Over 5 years the correlation is 0.65, and the annualized covariance of weekly returns is 531.1 %².
Few assets follow PDLB as closely as THFF, which ranks #1 of 13 tracked partners. Neither side won the trailing year by much: +36.4% against +38.8%.
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.
PDLB vs THFF: side by side
| PDLB (Ponce Financial Group, Inc.) | THFF (First Financial Corporation) | |
|---|---|---|
| 1-year return | +36.4% | +38.8% |
| 5-year return | +106.7% | +135.2% |
| Volatility (ann.) | 25.5% | 28.2% |
| Beta vs S&P 500 | 0.76 | 0.81 |
| Max drawdown (3Y) | -21.5% | -20.2% |
| Market cap | $0.5B | $0.9B |
| P/E (trailing) | 14.2 | 11.1 |
| Dividend yield | 0.00% | 2.77% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PDLB | THFF |
|---|---|---|
| 2022 | -10.3% | +4.4% |
| 2023 | +4.7% | -2.6% |
| 2024 | +33.2% | +11.1% |
| 2025 | +25.8% | +36.2% |
| 2026 | +24.2% | +35.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PDLB and THFF good diversifiers for each other?
Only partially. A correlation of 0.74 means PDLB and THFF 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 PDLB and THFF?
The PDLB/THFF correlation stands at 0.74 on a 3-year window (1 year: 0.73, 5 years: 0.65), computed from weekly returns as of 2026-08-27.
Is THFF a good diversifier for PDLB?
Only partially. A correlation of 0.74 means PDLB and THFF share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.74 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.
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Related comparisons
Hubs: PDLB correlations · THFF correlations
