BOH vs SBCF: Correlation
How closely do Bank of Hawaii Corporation (BOH) and Seacoast Banking Corporation of Florida (SBCF) trade together? Their weekly returns over three years give a correlation of 0.82, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BOH and SBCF?
Across a 3-year window, the weekly returns of BOH and SBCF correlate at 0.82, very strong, meaning they move nearly in lockstep. The past 12 months show a weaker link (0.68) than the 3-year average (0.82). Stretching to 5 years gives 0.76, with an annualized covariance of 736.2 %².
Within BOH's tracked universe of 12 assets, SBCF comes in at #5 by 3-year correlation. Their 12-month results are close: +16.9% for BOH against +12.7% for SBCF.
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.
BOH vs SBCF: side by side
| BOH (Bank of Hawaii Corporation) | SBCF (Seacoast Banking Corporation of Florida) | |
|---|---|---|
| 1-year return | +16.9% | +12.7% |
| 5-year return | +14.3% | +23.0% |
| Volatility (ann.) | 29.1% | 30.8% |
| Beta vs S&P 500 | 0.71 | 0.96 |
| Max drawdown (3Y) | -24.2% | -27.8% |
| Market cap | $3.0B | $3.3B |
| P/E (trailing) | 14.4 | 22.3 |
| Dividend yield | 3.62% | 2.18% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BOH | SBCF |
|---|---|---|
| 2022 | -4.1% | -10.1% |
| 2023 | -1.5% | -6.0% |
| 2024 | +3.6% | -0.5% |
| 2025 | +0.0% | +17.1% |
| 2026 | +15.0% | +10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BOH and SBCF good diversifiers for each other?
No. With a correlation of 0.82, BOH and SBCF move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between BOH and SBCF?
As of 2026-08-27, the correlation of weekly returns between BOH and SBCF is 0.82 over 3 years, 0.68 over 1 year and 0.76 over 5 years.
Is SBCF a good diversifier for BOH?
No. With a correlation of 0.82, BOH and SBCF move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.82 mean?
On the −1 to +1 scale, 0.82 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/boh-vs-sbcf.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/boh-vs-sbcf/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BOH correlations · SBCF correlations
