BHB vs LCNB: Correlation
Bar Harbor Bankshares, Inc. (BHB) and LCNB Corporation (LCNB) show a strong relationship: their 3-year correlation of weekly returns is 0.74.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BHB and LCNB?
Across a 3-year window, the weekly returns of BHB and LCNB correlate at 0.74, strong. Little has changed lately, as the 1-year reading of 0.75 lands near the 3-year figure. Stretching to 5 years gives 0.58, with an annualized covariance of 615.2 %².
Among the 21 assets we track against BHB, LCNB ranks #9 by 3-year correlation. Their 12-month results are close: +26.2% for BHB against +27.4% for LCNB.
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 LCNB: side by side
| BHB (Bar Harbor Bankshares, Inc.) | LCNB (LCNB Corporation) | |
|---|---|---|
| 1-year return | +26.2% | +27.4% |
| 5-year return | +75.3% | +43.8% |
| Volatility (ann.) | 28.3% | 29.6% |
| Beta vs S&P 500 | 0.67 | 0.49 |
| Max drawdown (3Y) | -27.1% | -23.8% |
| Market cap | $0.7B | $0.3B |
| P/E (trailing) | 13.3 | 11.2 |
| Dividend yield | 3.31% | 4.59% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BHB | LCNB |
|---|---|---|
| 2022 | +14.8% | -3.4% |
| 2023 | -4.5% | -7.5% |
| 2024 | +8.6% | +1.7% |
| 2025 | +5.7% | +14.7% |
| 2026 | +29.9% | +21.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BHB and LCNB good diversifiers for each other?
Somewhat, no more. With 0.74 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BHB and LCNB?
As of 2026-08-27, the correlation of weekly returns between BHB and LCNB is 0.74 over 3 years, 0.75 over 1 year and 0.58 over 5 years.
Is LCNB a good diversifier for BHB?
Somewhat, no more. With 0.74 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.74 mean?
On the −1 to +1 scale, 0.74 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/bhb-vs-lcnb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bhb-vs-lcnb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BHB correlations · LCNB correlations
