BHB vs VLGEA: Correlation
Bar Harbor Bankshares, Inc. (BHB) and Village Super Market, Inc. (VLGEA) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BHB and VLGEA?
On 3 years of weekly data the BHB/VLGEA correlation comes out at 0.49, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.38 versus 0.49 over 3 years. The 5-year figure is 0.45, and annualized covariance runs at 390.1 %².
Within BHB's tracked universe of 21 assets, VLGEA comes in at #16 by 3-year correlation. Their 12-month results are close: +26.2% for BHB against +23.1% for VLGEA.
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 VLGEA: side by side
| BHB (Bar Harbor Bankshares, Inc.) | VLGEA (Village Super Market, Inc.) | |
|---|---|---|
| 1-year return | +26.2% | +23.1% |
| 5-year return | +75.3% | +137.7% |
| Volatility (ann.) | 28.3% | 27.9% |
| Beta vs S&P 500 | 0.67 | 0.32 |
| Max drawdown (3Y) | -27.1% | -21.1% |
| Market cap | $0.7B | $0.6B |
| P/E (trailing) | 13.3 | 11.9 |
| Dividend yield | 3.31% | 2.29% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BHB | VLGEA |
|---|---|---|
| 2022 | +14.8% | +4.1% |
| 2023 | -4.5% | +17.7% |
| 2024 | +8.6% | +26.0% |
| 2025 | +5.7% | +14.9% |
| 2026 | +29.9% | +24.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BHB and VLGEA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BHB and VLGEA?
As of 2026-08-27, the correlation of weekly returns between BHB and VLGEA is 0.49 over 3 years, 0.38 over 1 year and 0.45 over 5 years.
Is VLGEA a good diversifier for BHB?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 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: BHB correlations · VLGEA correlations
