ACNB vs SMBC: Correlation
ACNB Corporation (ACNB) and Southern Missouri Bancorp, Inc. (SMBC) show a strong relationship: their 3-year correlation of weekly returns is 0.78.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACNB and SMBC?
On 3 years of weekly data the ACNB/SMBC correlation comes out at 0.78, strong. The relationship has been stable: the 1-year correlation (0.70) sits close to the 3-year figure. The 5-year figure is 0.62, and annualized covariance runs at 776.9 %².
SMBC is one of the assets that tracks ACNB most closely: it ranks #1 out of the 11 assets we track against ACNB. Correlation aside, the last 12 months split them widely, with ACNB ahead by 15.1 points (+45.8% versus +30.7%).
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.
ACNB vs SMBC: side by side
| ACNB (ACNB Corporation) | SMBC (Southern Missouri Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +45.8% | +30.7% |
| 5-year return | +163.7% | +79.4% |
| Volatility (ann.) | 33.7% | 29.4% |
| Beta vs S&P 500 | 0.81 | 0.81 |
| Max drawdown (3Y) | -34.6% | -29.2% |
| Market cap | $0.7B | $0.8B |
| P/E (trailing) | 12.1 | 11.6 |
| Dividend yield | 2.36% | 1.32% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACNB | SMBC |
|---|---|---|
| 2022 | +31.2% | -10.7% |
| 2023 | +16.2% | +18.9% |
| 2024 | -8.0% | +9.4% |
| 2025 | +25.2% | +4.8% |
| 2026 | +36.8% | +27.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACNB and SMBC good diversifiers for each other?
Somewhat, no more. With 0.78 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ACNB and SMBC?
The ACNB/SMBC correlation stands at 0.78 on a 3-year window (1 year: 0.70, 5 years: 0.62), computed from weekly returns as of 2026-08-27.
Is SMBC a good diversifier for ACNB?
Somewhat, no more. With 0.78 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.78 mean?
On the −1 to +1 scale, 0.78 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/acnb-vs-smbc.json
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[](https://www.pairbook.io/pair/acnb-vs-smbc/)
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Related comparisons
Hubs: ACNB correlations · SMBC correlations
