BHRB vs FRPH: Correlation
Burke & Herbert Financial Services Corp. (BHRB) and FRP Holdings, Inc. (FRPH) show a moderate relationship: their 3-year correlation of weekly returns is 0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BHRB and FRPH?
On 3 years of weekly data the BHRB/FRPH correlation comes out at 0.53, moderate. The past 12 months show a weaker link (0.37) than the 3-year average (0.53). The 5-year figure is 0.35, and annualized covariance runs at 336.3 %².
Among the 16 assets we track against BHRB, FRPH ranks #8 by 3-year correlation. The last year tells two different stories: BHRB led by 29.9 percentage points, +16.0% for BHRB against -13.9% for FRPH. One caveat on sizing: BHRB is 1.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 FRPH: side by side
| BHRB (Burke & Herbert Financial Services Corp.) | FRPH (FRP Holdings, Inc.) | |
|---|---|---|
| 1-year return | +16.0% | -13.9% |
| 5-year return | +57.3% | -22.9% |
| Volatility (ann.) | 31.8% | 20.1% |
| Beta vs S&P 500 | 0.74 | 0.38 |
| Max drawdown (3Y) | -30.8% | -36.2% |
| Market cap | $1.4B | $0.4B |
| P/E (trailing) | 11.7 | 2223.0 |
| Dividend yield | 3.07% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BHRB | FRPH |
|---|---|---|
| 2022 | +33.3% | -6.8% |
| 2023 | -7.8% | +16.7% |
| 2024 | +2.9% | -2.6% |
| 2025 | +3.6% | -25.6% |
| 2026 | +17.8% | -2.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BHRB and FRPH good diversifiers for each other?
Only partially. A correlation of 0.53 means BHRB and FRPH 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 BHRB and FRPH?
The BHRB/FRPH correlation stands at 0.53 on a 3-year window (1 year: 0.37, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is FRPH a good diversifier for BHRB?
Only partially. A correlation of 0.53 means BHRB and FRPH share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 mean?
On the −1 to +1 scale, 0.53 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-frph.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bhrb-vs-frph/)
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Related comparisons
Hubs: BHRB correlations · FRPH correlations
