BCAL vs SBFG: Correlation
Measured on weekly returns over the past three years, California BanCorp (BCAL) and SB Financial Group, Inc. (SBFG) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCAL and SBFG?
Over the past 3 years, BCAL and SBFG moved with a correlation of 0.43, which is moderate. Little has changed lately, as the 1-year reading of 0.45 lands near the 3-year figure. Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 339.9 %².
Out of 13 assets tracked against BCAL, SBFG lands near the bottom at #9. The trailing year gives SBFG the advantage: +28.0% versus +35.2%, a 7.2-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.
BCAL vs SBFG: side by side
| BCAL (California BanCorp) | SBFG (SB Financial Group, Inc.) | |
|---|---|---|
| 1-year return | +28.0% | +35.2% |
| 5-year return | +52.2% | +88.6% |
| Volatility (ann.) | 26.5% | 29.8% |
| Beta vs S&P 500 | 0.82 | 0.34 |
| Max drawdown (3Y) | -32.3% | -27.8% |
| Market cap | $0.7B | $0.2B |
| P/E (trailing) | 11.6 | 10.3 |
| Dividend yield | 1.40% | 2.25% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BCAL | SBFG |
|---|---|---|
| 2022 | +12.3% | -7.0% |
| 2023 | +3.1% | -5.9% |
| 2024 | -4.7% | +41.1% |
| 2025 | +13.5% | +9.5% |
| 2026 | +15.5% | +27.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCAL and SBFG good diversifiers for each other?
Reasonably. At 0.43, BCAL and SBFG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BCAL and SBFG?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.45 over the last year and 0.37 over 5 years.
Is SBFG a good diversifier for BCAL?
Reasonably. At 0.43, BCAL and SBFG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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/bcal-vs-sbfg.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bcal-vs-sbfg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BCAL correlations · SBFG correlations
