CAC vs KRNY: Correlation
How closely do Camden National Corporation (CAC) and Kearny Financial (KRNY) trade together? Their weekly returns over three years give a correlation of 0.83, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CAC and KRNY?
Over the past 3 years, CAC and KRNY moved with a correlation of 0.83, which is very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.77) sits close to the 3-year figure. Over 5 years the correlation is 0.74, and the annualized covariance of weekly returns is 807.6 %².
By 3-year correlation, KRNY places #8 of the 24 assets tracked against CAC. The last year tells two different stories: KRNY led by 16.9 percentage points, +43.3% for CAC against +60.2% for KRNY.
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.
CAC vs KRNY: side by side
| CAC (Camden National Corporation) | KRNY (Kearny Financial) | |
|---|---|---|
| 1-year return | +43.3% | +60.2% |
| 5-year return | +51.3% | +2.4% |
| Volatility (ann.) | 29.0% | 33.5% |
| Beta vs S&P 500 | 0.87 | 0.79 |
| Max drawdown (3Y) | -26.0% | -41.5% |
| Market cap | $1.0B | $0.6B |
| P/E (trailing) | 10.9 | 17.3 |
| Dividend yield | 2.97% | 4.47% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CAC | KRNY |
|---|---|---|
| 2022 | -10.3% | -20.4% |
| 2023 | -5.0% | -6.7% |
| 2024 | +19.1% | -15.5% |
| 2025 | +5.8% | +12.0% |
| 2026 | +34.5% | +40.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CAC and KRNY good diversifiers for each other?
No: a correlation of 0.83 means CAC and KRNY tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between CAC and KRNY?
As of 2026-08-27, the correlation of weekly returns between CAC and KRNY is 0.83 over 3 years, 0.77 over 1 year and 0.74 over 5 years.
Is KRNY a good diversifier for CAC?
No: a correlation of 0.83 means CAC and KRNY tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.83 mean?
On the −1 to +1 scale, 0.83 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/cac-vs-krny.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cac-vs-krny/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CAC correlations · KRNY correlations
