BWFG vs SRCE: Correlation
Bankwell Financial Group, Inc. (BWFG) and 1st Source Corporation (SRCE) show a strong relationship: their 3-year correlation of weekly returns is 0.75.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BWFG and SRCE?
Over the past 3 years, BWFG and SRCE moved with a correlation of 0.75, which is strong. Recent behaviour matches the longer record: 0.82 over 1 year against 0.75 over 3. Over 5 years the correlation is 0.63, and the annualized covariance of weekly returns is 511.0 %².
By 3-year correlation, SRCE places #4 of the 13 assets tracked against BWFG. The last year tells two different stories: BWFG led by 20.5 percentage points, +57.5% for BWFG against +37.0% for SRCE.
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.
BWFG vs SRCE: side by side
| BWFG (Bankwell Financial Group, Inc.) | SRCE (1st Source Corporation) | |
|---|---|---|
| 1-year return | +57.5% | +37.0% |
| 5-year return | +149.4% | +110.2% |
| Volatility (ann.) | 26.8% | 25.5% |
| Beta vs S&P 500 | 0.73 | 0.61 |
| Max drawdown (3Y) | -24.7% | -21.2% |
| Market cap | $0.5B | $2.1B |
| P/E (trailing) | 12.3 | 12.4 |
| Dividend yield | 1.22% | 0.93% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BWFG | SRCE |
|---|---|---|
| 2022 | -8.2% | +9.8% |
| 2023 | +5.8% | +6.5% |
| 2024 | +6.4% | +9.0% |
| 2025 | +50.3% | +9.8% |
| 2026 | +46.3% | +40.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BWFG and SRCE good diversifiers for each other?
Somewhat, no more. With 0.75 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BWFG and SRCE?
Using weekly returns as of 2026-08-27: 0.75 over 3 years, with 0.82 over the last year and 0.63 over 5 years.
Is SRCE a good diversifier for BWFG?
Somewhat, no more. With 0.75 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.75 mean?
A reading of 0.75 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/bwfg-vs-srce.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bwfg-vs-srce/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BWFG correlations · SRCE correlations
