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FRME correlations (First Merchants Corporation)

Every correlation that matters for FRME: the assets it tracks, the ones that offset it, and where it sits among 4756 US stocks and ETFs.

Data as of 2026-08-27 · refreshed every trading day · US Listed

Volatility (ann.)

29.8%

3y weekly

Beta vs S&P 500

0.78

3y weekly

1-year return

+3.5%

price, adjusted

5-year return

+22.0%

price, adjusted

Market cap

$2.6B

latest

P/E ratio

13.4

trailing

Dividend yield

3.48%

trailing

Max drawdown

-23.9%

3y, daily closes

FRME over the last 12 months, weekly closes indexed to 100 at the start.

Stocks and ETFs most correlated with FRME

Asset		Correlation (3Y)
FFBC	First Financial Bancorp.	0.91
EFSC	Enterprise Financial Services Corporation	0.90
SBCF	Seacoast Banking Corporation of Florida	0.89
WSBC	WesBanco, Inc.	0.88
AUB	Atlantic Union Bankshares Corporation	0.88

The least-correlated liquid assets in our universe, meaning the ones that historically moved most independently from FRME.

Asset		Correlation (3Y)
VXZ	iPath Series B S&P 500 VIX Mid-Term Futures ETN	-0.48
VXX	iPath Series B S&P 500 VIX Short-Term Futures ETN	-0.46
TCRT	Alaunos Therapeutics, Inc.	-0.24

Free API · no key required

$ curl https://www.pairbook.io/api/v1/symbols/frme.json

Correlations, diversifiers, beta and volatility for FRME, plus one endpoint per pair. API documentation.

ETF		FRME weight
IWM	iShares Russell 2000 ETF	0.08%