BHB vs CASS: Correlation
Measured on weekly returns over the past three years, Bar Harbor Bankshares, Inc. (BHB) and Cass Information Systems, Inc (CASS) carry a correlation of 0.62, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BHB and CASS?
Over the past 3 years, BHB and CASS moved with a correlation of 0.62, which is strong. Recent behaviour matches the longer record: 0.67 over 1 year against 0.62 over 3. Over 5 years the correlation is 0.59, and the annualized covariance of weekly returns is 409.1 %².
Within BHB's tracked universe of 21 assets, CASS comes in at #12 by 3-year correlation. Over the last 12 months CASS came out ahead by 9.9 percentage points (+26.2% against +36.1%).
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.
BHB vs CASS: side by side
| BHB (Bar Harbor Bankshares, Inc.) | CASS (Cass Information Systems, Inc) | |
|---|---|---|
| 1-year return | +26.2% | +36.1% |
| 5-year return | +75.3% | +45.6% |
| Volatility (ann.) | 28.3% | 23.2% |
| Beta vs S&P 500 | 0.67 | 0.66 |
| Max drawdown (3Y) | -27.1% | -20.5% |
| Market cap | $0.7B | $0.7B |
| P/E (trailing) | 13.3 | 20.7 |
| Dividend yield | 3.31% | 2.23% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BHB | CASS |
|---|---|---|
| 2022 | +14.8% | +20.0% |
| 2023 | -4.5% | +1.1% |
| 2024 | +8.6% | -6.7% |
| 2025 | +5.7% | +4.5% |
| 2026 | +29.9% | +38.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BHB and CASS good diversifiers for each other?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BHB and CASS?
As of 2026-08-27, the correlation of weekly returns between BHB and CASS is 0.62 over 3 years, 0.67 over 1 year and 0.59 over 5 years.
Is CASS a good diversifier for BHB?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.62 mean?
A reading of 0.62 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/bhb-vs-cass.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bhb-vs-cass/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BHB correlations · CASS correlations
