BOC vs CCBG: Correlation
Boston Omaha Corporation (BOC) and Capital City Bank Group (CCBG) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BOC and CCBG?
On 3 years of weekly data the BOC/CCBG correlation comes out at 0.43, moderate. The link has loosened recently: the 1-year correlation (0.19) runs below the 3-year figure (0.43). The 5-year figure is 0.37, and annualized covariance runs at 328.0 %².
CCBG is one of the assets that tracks BOC most closely: it ranks #2 out of the 12 assets we track against BOC. The last year tells two different stories: CCBG led by 18.4 percentage points, +1.5% for BOC against +19.9% for CCBG.
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.
BOC vs CCBG: side by side
| BOC (Boston Omaha Corporation) | CCBG (Capital City Bank Group) | |
|---|---|---|
| 1-year return | +1.5% | +19.9% |
| 5-year return | -60.8% | +154.3% |
| Volatility (ann.) | 29.8% | 25.9% |
| Beta vs S&P 500 | 0.31 | 0.53 |
| Max drawdown (3Y) | -37.4% | -16.5% |
| Market cap | $0.4B | $0.9B |
| P/E (trailing) | – | 14.2 |
| Dividend yield | 0.00% | 2.08% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BOC | CCBG |
|---|---|---|
| 2022 | -7.8% | +25.8% |
| 2023 | -40.6% | -7.1% |
| 2024 | -9.9% | +28.1% |
| 2025 | -12.8% | +19.1% |
| 2026 | +11.2% | +21.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BOC and CCBG good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BOC and CCBG?
As of 2026-08-27, the correlation of weekly returns between BOC and CCBG is 0.43 over 3 years, 0.19 over 1 year and 0.37 over 5 years.
Is CCBG a good diversifier for BOC?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 mean?
A reading of 0.43 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/boc-vs-ccbg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/boc-vs-ccbg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BOC correlations · CCBG correlations
