CAC vs SRCE: Correlation
How closely do Camden National Corporation (CAC) and 1st Source Corporation (SRCE) trade together? Their weekly returns over three years give a correlation of 0.87, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CAC and SRCE?
Over the past 3 years, CAC and SRCE moved with a correlation of 0.87, which is very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.89 lands near the 3-year figure. Over 5 years the correlation is 0.72, and the annualized covariance of weekly returns is 640.8 %².
Within CAC's tracked universe of 24 assets, SRCE comes in at #5 by 3-year correlation. The trailing year gives CAC the advantage: +43.3% versus +37.0%, a 6.3-point spread.
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 SRCE: side by side
| CAC (Camden National Corporation) | SRCE (1st Source Corporation) | |
|---|---|---|
| 1-year return | +43.3% | +37.0% |
| 5-year return | +51.3% | +110.2% |
| Volatility (ann.) | 29.0% | 25.5% |
| Beta vs S&P 500 | 0.87 | 0.61 |
| Max drawdown (3Y) | -26.0% | -21.2% |
| Market cap | $1.0B | $2.1B |
| P/E (trailing) | 10.9 | 12.4 |
| Dividend yield | 2.97% | 0.93% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CAC | SRCE |
|---|---|---|
| 2022 | -10.3% | +9.8% |
| 2023 | -5.0% | +6.5% |
| 2024 | +19.1% | +9.0% |
| 2025 | +5.8% | +9.8% |
| 2026 | +34.5% | +40.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CAC and SRCE good diversifiers for each other?
Not really. At 0.87, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between CAC and SRCE?
Using weekly returns as of 2026-08-27: 0.87 over 3 years, with 0.89 over the last year and 0.72 over 5 years.
Is SRCE a good diversifier for CAC?
Not really. At 0.87, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.87 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cac-vs-srce.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cac-vs-srce/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CAC correlations · SRCE correlations
