CAC vs SRBK: Correlation
Camden National Corporation (CAC) and SR Bancorp, Inc. (SRBK) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CAC and SRBK?
Over the past 3 years, CAC and SRBK moved with a correlation of 0.49, which is moderate. The link has tightened recently: the 1-year correlation (0.74) runs above the 3-year figure (0.49). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 243.4 %².
By 3-year correlation, SRBK places #18 of the 24 assets tracked against CAC. On 12-month performance CAC holds a 13.0-point edge, +43.3% against +30.3%. Risk is not evenly split, since CAC carries 1.7 times the volatility of the other side.
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 SRBK: side by side
| CAC (Camden National Corporation) | SRBK (SR Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +43.3% | +30.3% |
| 5-year return | +51.3% | n/a |
| Volatility (ann.) | 29.0% | 17.4% |
| Beta vs S&P 500 | 0.87 | 0.36 |
| Max drawdown (3Y) | -26.0% | -13.5% |
| Market cap | $1.0B | $0.1B |
| P/E (trailing) | 10.9 | 44.3 |
| Dividend yield | 2.97% | 1.08% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CAC | SRBK |
|---|---|---|
| 2022 | -10.3% | – |
| 2023 | -5.0% | – |
| 2024 | +19.1% | +24.6% |
| 2025 | +5.8% | +34.1% |
| 2026 | +34.5% | +24.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CAC and SRBK good diversifiers for each other?
Reasonably. At 0.49, CAC and SRBK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CAC and SRBK?
The CAC/SRBK correlation stands at 0.49 on a 3-year window (1 year: 0.74, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SRBK a good diversifier for CAC?
Reasonably. At 0.49, CAC and SRBK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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-srbk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cac-vs-srbk/)
Free with attribution; caching and terms are described in the API documentation.
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Hubs: CAC correlations · SRBK correlations
