SRCE vs THFF: Correlation
How closely do 1st Source Corporation (SRCE) and First Financial Corporation (THFF) trade together? Their weekly returns over three years give a correlation of 0.87, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SRCE and THFF?
On 3 years of weekly data the SRCE/THFF correlation comes out at 0.87, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.92) sits close to the 3-year figure. The 5-year figure is 0.80, and annualized covariance runs at 625.8 %².
Within SRCE's tracked universe of 20 assets, THFF comes in at #5 by 3-year correlation. Twelve-month performance is nearly a tie, at +37.0% for SRCE and +38.8% for THFF.
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.
SRCE vs THFF: side by side
| SRCE (1st Source Corporation) | THFF (First Financial Corporation) | |
|---|---|---|
| 1-year return | +37.0% | +38.8% |
| 5-year return | +110.2% | +135.2% |
| Volatility (ann.) | 25.5% | 28.2% |
| Beta vs S&P 500 | 0.61 | 0.81 |
| Max drawdown (3Y) | -21.2% | -20.2% |
| Market cap | $2.1B | $0.9B |
| P/E (trailing) | 12.4 | 11.1 |
| Dividend yield | 0.93% | 2.77% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SRCE | THFF |
|---|---|---|
| 2022 | +9.8% | +4.4% |
| 2023 | +6.5% | -2.6% |
| 2024 | +9.0% | +11.1% |
| 2025 | +9.8% | +36.2% |
| 2026 | +40.7% | +35.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SRCE and THFF good diversifiers for each other?
Not really. At 0.87, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between SRCE and THFF?
The SRCE/THFF correlation stands at 0.87 on a 3-year window (1 year: 0.92, 5 years: 0.80), computed from weekly returns as of 2026-08-27.
Is THFF a good diversifier for SRCE?
Not really. At 0.87, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.87 mean?
A reading of 0.87 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/srce-vs-thff.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/srce-vs-thff/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: SRCE correlations · THFF correlations
