BMRC vs CAC: Correlation
Measured on weekly returns over the past three years, Bank of Marin Bancorp (BMRC) and Camden National Corporation (CAC) carry a correlation of 0.81, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BMRC and CAC?
Over the past 3 years, BMRC and CAC moved with a correlation of 0.81, which is very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.76) sits close to the 3-year figure. Over 5 years the correlation is 0.74, and the annualized covariance of weekly returns is 775.1 %².
In BMRC's tracked universe of 11 assets, CAC sits right near the top at #3. Their recent paths diverged sharply: over the last 12 months CAC outperformed by 30.6 percentage points (+12.7% for BMRC against +43.3% for CAC).
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.
BMRC vs CAC: side by side
| BMRC (Bank of Marin Bancorp) | CAC (Camden National Corporation) | |
|---|---|---|
| 1-year return | +12.7% | +43.3% |
| 5-year return | -8.2% | +51.3% |
| Volatility (ann.) | 33.0% | 29.0% |
| Beta vs S&P 500 | 0.75 | 0.87 |
| Max drawdown (3Y) | -35.2% | -26.0% |
| Market cap | $0.4B | $1.0B |
| P/E (trailing) | – | 10.9 |
| Dividend yield | 3.73% | 2.97% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BMRC | CAC |
|---|---|---|
| 2022 | -9.1% | -10.3% |
| 2023 | -29.5% | -5.0% |
| 2024 | +13.9% | +19.1% |
| 2025 | +14.2% | +5.8% |
| 2026 | +5.6% | +34.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BMRC and CAC good diversifiers for each other?
No: a correlation of 0.81 means BMRC and CAC tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between BMRC and CAC?
As of 2026-08-27, the correlation of weekly returns between BMRC and CAC is 0.81 over 3 years, 0.76 over 1 year and 0.74 over 5 years.
Is CAC a good diversifier for BMRC?
No: a correlation of 0.81 means BMRC and CAC tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.81 mean?
A reading of 0.81 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bmrc-vs-cac.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bmrc-vs-cac/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BMRC correlations · CAC correlations
