THFF vs WTBA: Correlation
First Financial Corporation (THFF) and West Bancorporation (WTBA) 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 THFF and WTBA?
Across a 3-year window, the weekly returns of THFF and WTBA correlate at 0.85, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.84 over 1 year against 0.85 over 3. Stretching to 5 years gives 0.80, with an annualized covariance of 731.2 %².
By 3-year correlation, WTBA places #21 of the 70 assets tracked against THFF. The trailing year gives WTBA the advantage: +38.8% versus +47.9%, a 9.1-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.
THFF vs WTBA: side by side
| THFF (First Financial Corporation) | WTBA (West Bancorporation) | |
|---|---|---|
| 1-year return | +38.8% | +47.9% |
| 5-year return | +135.2% | +16.8% |
| Volatility (ann.) | 28.2% | 30.5% |
| Beta vs S&P 500 | 0.81 | 0.75 |
| Max drawdown (3Y) | -20.2% | -26.9% |
| Market cap | $0.9B | $0.5B |
| P/E (trailing) | 11.1 | 12.6 |
| Dividend yield | 2.77% | 3.53% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | THFF | WTBA |
|---|---|---|
| 2022 | +4.4% | -14.4% |
| 2023 | -2.6% | -12.4% |
| 2024 | +11.1% | +7.7% |
| 2025 | +36.2% | +7.7% |
| 2026 | +35.0% | +31.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are THFF and WTBA good diversifiers for each other?
No: a correlation of 0.85 means THFF and WTBA tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between THFF and WTBA?
The THFF/WTBA correlation stands at 0.85 on a 3-year window (1 year: 0.84, 5 years: 0.80), computed from weekly returns as of 2026-08-27.
Is WTBA a good diversifier for THFF?
No: a correlation of 0.85 means THFF and WTBA tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.85 mean?
A reading of 0.85 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: THFF correlations · WTBA correlations
