PFS vs THFF: Correlation
Provident Financial Services, Inc (PFS) and First Financial Corporation (THFF) show a very strong relationship: their 3-year correlation of weekly returns is 0.88.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PFS and THFF?
On 3 years of weekly data the PFS/THFF correlation comes out at 0.88, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.84 lands near the 3-year figure. The 5-year figure is 0.83, and annualized covariance runs at 754.3 %².
Within PFS's tracked universe of 28 assets, THFF comes in at #4 by 3-year correlation. The trailing year gives THFF the advantage: +23.9% versus +38.8%, a 14.9-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.
PFS vs THFF: side by side
| PFS (Provident Financial Services, Inc) | THFF (First Financial Corporation) | |
|---|---|---|
| 1-year return | +23.9% | +38.8% |
| 5-year return | +37.5% | +135.2% |
| Volatility (ann.) | 30.4% | 28.2% |
| Beta vs S&P 500 | 0.87 | 0.81 |
| Max drawdown (3Y) | -31.3% | -20.2% |
| Market cap | $3.1B | $0.9B |
| P/E (trailing) | 9.8 | 11.1 |
| Dividend yield | 2.04% | 2.77% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PFS | THFF |
|---|---|---|
| 2022 | -8.0% | +4.4% |
| 2023 | -10.8% | -2.6% |
| 2024 | +10.7% | +11.1% |
| 2025 | +10.2% | +36.2% |
| 2026 | +23.1% | +35.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PFS and THFF good diversifiers for each other?
No: a correlation of 0.88 means PFS and THFF tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between PFS and THFF?
As of 2026-08-27, the correlation of weekly returns between PFS and THFF is 0.88 over 3 years, 0.84 over 1 year and 0.83 over 5 years.
Is THFF a good diversifier for PFS?
No: a correlation of 0.88 means PFS and THFF tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.88 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/pfs-vs-thff.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/pfs-vs-thff/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PFS correlations · THFF correlations
