BHB vs USCB: Correlation
How closely do Bar Harbor Bankshares, Inc. (BHB) and USCB Financial Holdings, Inc. (USCB) trade together? Their weekly returns over three years give a correlation of 0.71, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BHB and USCB?
On 3 years of weekly data the BHB/USCB correlation comes out at 0.71, strong. Recent behaviour matches the longer record: 0.72 over 1 year against 0.71 over 3. The 5-year figure is 0.55, and annualized covariance runs at 679.7 %².
By 3-year correlation, USCB places #11 of the 21 assets tracked against BHB. The trailing year gives USCB the advantage: +26.2% versus +31.7%, a 5.5-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.
BHB vs USCB: side by side
| BHB (Bar Harbor Bankshares, Inc.) | USCB (USCB Financial Holdings, Inc.) | |
|---|---|---|
| 1-year return | +26.2% | +31.7% |
| 5-year return | +75.3% | +84.4% |
| Volatility (ann.) | 28.3% | 33.8% |
| Beta vs S&P 500 | 0.67 | 0.84 |
| Max drawdown (3Y) | -27.1% | -23.2% |
| Market cap | $0.7B | $0.4B |
| P/E (trailing) | 13.3 | 14.3 |
| Dividend yield | 3.31% | 2.02% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BHB | USCB |
|---|---|---|
| 2022 | +14.8% | -12.9% |
| 2023 | -4.5% | +0.4% |
| 2024 | +8.6% | +47.0% |
| 2025 | +5.7% | +6.1% |
| 2026 | +29.9% | +23.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BHB and USCB good diversifiers for each other?
Only partially. A correlation of 0.71 means BHB and USCB share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between BHB and USCB?
Using weekly returns as of 2026-08-27: 0.71 over 3 years, with 0.72 over the last year and 0.55 over 5 years.
Is USCB a good diversifier for BHB?
Only partially. A correlation of 0.71 means BHB and USCB share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.71 mean?
On the −1 to +1 scale, 0.71 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-uscb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bhb-vs-uscb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BHB correlations · USCB correlations
