BHRB vs BOTJ: Correlation
Burke & Herbert Financial Services Corp. (BHRB) and Bank of the James Financial Group, Inc. (BOTJ) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BHRB and BOTJ?
Across a 3-year window, the weekly returns of BHRB and BOTJ correlate at 0.41, moderate. The link has loosened recently: the 1-year correlation (0.30) runs below the 3-year figure (0.41). Stretching to 5 years gives 0.26, with an annualized covariance of 331.0 %².
By 3-year correlation, BOTJ places #10 of the 16 assets tracked against BHRB. Their recent paths diverged sharply: over the last 12 months BOTJ outperformed by 62.5 percentage points (+16.0% for BHRB against +78.5% for BOTJ).
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.
BHRB vs BOTJ: side by side
| BHRB (Burke & Herbert Financial Services Corp.) | BOTJ (Bank of the James Financial Group, Inc.) | |
|---|---|---|
| 1-year return | +16.0% | +78.5% |
| 5-year return | +57.3% | +119.5% |
| Volatility (ann.) | 31.8% | 25.5% |
| Beta vs S&P 500 | 0.74 | 0.22 |
| Max drawdown (3Y) | -30.8% | -27.8% |
| Market cap | $1.4B | $0.1B |
| P/E (trailing) | 11.7 | 10.6 |
| Dividend yield | 3.07% | 1.50% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BHRB | BOTJ |
|---|---|---|
| 2022 | +33.3% | -21.2% |
| 2023 | -7.8% | +5.8% |
| 2024 | +2.9% | +34.1% |
| 2025 | +3.6% | +20.3% |
| 2026 | +17.8% | +46.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BHRB and BOTJ good diversifiers for each other?
Reasonably. At 0.41, BHRB and BOTJ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BHRB and BOTJ?
The BHRB/BOTJ correlation stands at 0.41 on a 3-year window (1 year: 0.30, 5 years: 0.26), computed from weekly returns as of 2026-08-27.
Is BOTJ a good diversifier for BHRB?
Reasonably. At 0.41, BHRB and BOTJ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 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/bhrb-vs-botj.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bhrb-vs-botj/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BHRB correlations · BOTJ correlations
