ABM vs CBSH: Correlation
Measured on weekly returns over the past three years, ABM Industries Incorporated (ABM) and Commerce Bancshares, Inc. (CBSH) carry a correlation of 0.58, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABM and CBSH?
Across a 3-year window, the weekly returns of ABM and CBSH correlate at 0.58, moderate. Recent behaviour matches the longer record: 0.66 over 1 year against 0.58 over 3. Stretching to 5 years gives 0.57, with an annualized covariance of 381.4 %².
Few assets follow ABM as closely as CBSH, which ranks #1 of 12 tracked partners. Their 12-month results are close: -2.5% for ABM against -1.0% for CBSH.
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.
ABM vs CBSH: side by side
| ABM (ABM Industries Incorporated) | CBSH (Commerce Bancshares, Inc.) | |
|---|---|---|
| 1-year return | -2.5% | -1.0% |
| 5-year return | +6.5% | +10.0% |
| Volatility (ann.) | 28.9% | 22.8% |
| Beta vs S&P 500 | 0.79 | 0.64 |
| Max drawdown (3Y) | -34.4% | -27.6% |
| Market cap | $2.8B | $8.3B |
| P/E (trailing) | 18.4 | 14.3 |
| Dividend yield | 2.32% | 1.84% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABM | CBSH |
|---|---|---|
| 2022 | +10.7% | +0.5% |
| 2023 | +3.0% | -15.9% |
| 2024 | +16.4% | +24.7% |
| 2025 | -15.5% | -10.2% |
| 2026 | +13.8% | +12.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABM and CBSH good diversifiers for each other?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ABM and CBSH?
As of 2026-08-27, the correlation of weekly returns between ABM and CBSH is 0.58 over 3 years, 0.66 over 1 year and 0.57 over 5 years.
Is CBSH a good diversifier for ABM?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.58 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/abm-vs-cbsh.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/abm-vs-cbsh/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ABM correlations · CBSH correlations
