BFST vs BHRB: Correlation
Business First Bancshares, Inc. (BFST) and Burke & Herbert Financial Services Corp. (BHRB) show a very strong relationship: their 3-year correlation of weekly returns is 0.80.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BFST and BHRB?
On 3 years of weekly data the BFST/BHRB correlation comes out at 0.80, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.85) sits close to the 3-year figure. The 5-year figure is 0.50, and annualized covariance runs at 756.1 %².
Within BFST's tracked universe of 19 assets, BHRB comes in at #6 by 3-year correlation. On 12-month performance BFST holds a 9.6-point edge, +25.6% against +16.0%.
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.
BFST vs BHRB: side by side
| BFST (Business First Bancshares, Inc.) | BHRB (Burke & Herbert Financial Services Corp.) | |
|---|---|---|
| 1-year return | +25.6% | +16.0% |
| 5-year return | +47.5% | +57.3% |
| Volatility (ann.) | 29.7% | 31.8% |
| Beta vs S&P 500 | 0.82 | 0.74 |
| Max drawdown (3Y) | -27.3% | -30.8% |
| Market cap | $1.0B | $1.4B |
| P/E (trailing) | 11.1 | 11.7 |
| Dividend yield | 1.93% | 3.07% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BFST | BHRB |
|---|---|---|
| 2022 | -20.2% | +33.3% |
| 2023 | +14.4% | -7.8% |
| 2024 | +6.9% | +2.9% |
| 2025 | +4.0% | +3.6% |
| 2026 | +21.3% | +17.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BFST and BHRB good diversifiers for each other?
No: a correlation of 0.80 means BFST and BHRB tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between BFST and BHRB?
The BFST/BHRB correlation stands at 0.80 on a 3-year window (1 year: 0.85, 5 years: 0.50), computed from weekly returns as of 2026-08-27.
Is BHRB a good diversifier for BFST?
No: a correlation of 0.80 means BFST and BHRB tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.80 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.
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Related comparisons
Hubs: BFST correlations · BHRB correlations
