BCAL vs SRCE: Correlation
California BanCorp (BCAL) and 1st Source Corporation (SRCE) show a strong relationship: their 3-year correlation of weekly returns is 0.72.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCAL and SRCE?
Across a 3-year window, the weekly returns of BCAL and SRCE correlate at 0.72, strong. Recent behaviour matches the longer record: 0.63 over 1 year against 0.72 over 3. Stretching to 5 years gives 0.53, with an annualized covariance of 484.6 %².
By 3-year correlation, SRCE places #4 of the 13 assets tracked against BCAL. The trailing year gives SRCE the advantage: +28.0% versus +37.0%, a 9.0-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 SRCE: side by side
| BCAL (California BanCorp) | SRCE (1st Source Corporation) | |
|---|---|---|
| 1-year return | +28.0% | +37.0% |
| 5-year return | +52.2% | +110.2% |
| Volatility (ann.) | 26.5% | 25.5% |
| Beta vs S&P 500 | 0.82 | 0.61 |
| Max drawdown (3Y) | -32.3% | -21.2% |
| Market cap | $0.7B | $2.1B |
| P/E (trailing) | 11.6 | 12.4 |
| Dividend yield | 1.40% | 0.93% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BCAL | SRCE |
|---|---|---|
| 2022 | +12.3% | +9.8% |
| 2023 | +3.1% | +6.5% |
| 2024 | -4.7% | +9.0% |
| 2025 | +13.5% | +9.8% |
| 2026 | +15.5% | +40.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCAL and SRCE good diversifiers for each other?
To a limited degree. At 0.72 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BCAL and SRCE?
Using weekly returns as of 2026-08-27: 0.72 over 3 years, with 0.63 over the last year and 0.53 over 5 years.
Is SRCE a good diversifier for BCAL?
To a limited degree. At 0.72 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.72 mean?
A reading of 0.72 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bcal-vs-srce.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bcal-vs-srce/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BCAL correlations · SRCE correlations
