AVBH vs BCAL: Correlation
Measured on weekly returns over the past three years, Avidbank Holdings, Inc. (AVBH) and California BanCorp (BCAL) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVBH and BCAL?
Over the past 3 years, AVBH and BCAL moved with a correlation of 0.49, which is moderate. The relationship has been stable: the 1-year correlation (0.50) sits close to the 3-year figure. Over 5 years the correlation is 0.36, and the annualized covariance of weekly returns is 253.6 %².
BCAL is one of the assets that tracks AVBH most closely: it ranks #1 out of the 10 assets we track against AVBH. Twelve-month performance is nearly a tie, at +28.0% for AVBH and +28.0% for BCAL.
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.
AVBH vs BCAL: side by side
| AVBH (Avidbank Holdings, Inc.) | BCAL (California BanCorp) | |
|---|---|---|
| 1-year return | +28.0% | +28.0% |
| 5-year return | +40.0% | +52.2% |
| Volatility (ann.) | 19.4% | 26.5% |
| Beta vs S&P 500 | 0.41 | 0.82 |
| Max drawdown (3Y) | -25.2% | -32.3% |
| Market cap | $0.3B | $0.7B |
| P/E (trailing) | – | 11.6 |
| Dividend yield | 0.00% | 1.40% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVBH | BCAL |
|---|---|---|
| 2022 | -17.5% | +12.3% |
| 2023 | +3.2% | +3.1% |
| 2024 | +2.0% | -4.7% |
| 2025 | +21.8% | +13.5% |
| 2026 | +20.0% | +15.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVBH and BCAL good diversifiers for each other?
Reasonably. At 0.49, AVBH and BCAL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AVBH and BCAL?
As of 2026-08-27, the correlation of weekly returns between AVBH and BCAL is 0.49 over 3 years, 0.50 over 1 year and 0.36 over 5 years.
Is BCAL a good diversifier for AVBH?
Reasonably. At 0.49, AVBH and BCAL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 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/avbh-vs-bcal.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/avbh-vs-bcal/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AVBH correlations · BCAL correlations
