BHRB vs JRVR: Correlation
Burke & Herbert Financial Services Corp. (BHRB) and James River Group Holdings, Inc. (JRVR) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BHRB and JRVR?
Across a 3-year window, the weekly returns of BHRB and JRVR correlate at 0.39, moderate. Little has changed lately, as the 1-year reading of 0.45 lands near the 3-year figure. Stretching to 5 years gives 0.30, with an annualized covariance of 632.8 %².
Within BHRB's tracked universe of 16 assets, JRVR comes in at #11 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months BHRB outperformed by 42.4 percentage points (+16.0% for BHRB against -26.4% for JRVR). One caveat on sizing: JRVR 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 JRVR: side by side
| BHRB (Burke & Herbert Financial Services Corp.) | JRVR (James River Group Holdings, Inc.) | |
|---|---|---|
| 1-year return | +16.0% | -26.4% |
| 5-year return | +57.3% | -88.2% |
| Volatility (ann.) | 31.8% | 51.3% |
| Beta vs S&P 500 | 0.74 | 0.55 |
| Max drawdown (3Y) | -30.8% | -77.1% |
| Market cap | $1.4B | $0.2B |
| P/E (trailing) | 11.7 | 9.4 |
| Dividend yield | 3.07% | 0.97% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BHRB | JRVR |
|---|---|---|
| 2022 | +33.3% | -26.8% |
| 2023 | -7.8% | -55.2% |
| 2024 | +2.9% | -46.2% |
| 2025 | +3.6% | +31.6% |
| 2026 | +17.8% | -35.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BHRB and JRVR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BHRB and JRVR?
The BHRB/JRVR correlation stands at 0.39 on a 3-year window (1 year: 0.45, 5 years: 0.30), computed from weekly returns as of 2026-08-27.
Is JRVR a good diversifier for BHRB?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bhrb-vs-jrvr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bhrb-vs-jrvr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BHRB correlations · JRVR correlations
