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CASS vs SMBK: Correlation

Measured on weekly returns over the past three years, Cass Information Systems, Inc (CASS) and SmartFinancial, Inc. (SMBK) carry a correlation of 0.62, a strong link.

Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology

Correlation (3Y)
0.62
strong
Correlation (1Y)
0.70
last 12 months
Correlation (5Y)
0.56
long-run
Ann. covariance
419.1
%² · weekly, annualized

How correlated are CASS and SMBK?

On 3 years of weekly data the CASS/SMBK correlation comes out at 0.62, strong. The relationship has been stable: the 1-year correlation (0.70) sits close to the 3-year figure. The 5-year figure is 0.56, and annualized covariance runs at 419.1 %².

By 3-year correlation, SMBK places #5 of the 10 assets tracked against CASS. Twelve-month performance is nearly a tie, at +36.1% for CASS and +37.6% for SMBK.

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.

CASS vs SMBK: side by side

CASS (Cass Information Systems, Inc)SMBK (SmartFinancial, Inc.)
1-year return+36.1%+37.6%
5-year return+45.6%+113.7%
Volatility (ann.)23.2%28.9%
Beta vs S&P 5000.660.84
Max drawdown (3Y)-20.5%-26.4%
Market cap$0.7B$0.9B
P/E (trailing)20.714.9
Dividend yield2.23%0.65%
Sector / categoryUS ListedUS Listed
Lower P/E: SMBK 14.9 vs 20.7Higher yield: CASS 2.23% vs 0.65%Smaller drawdown: CASS -20.5% vs -26.4%Higher 5y return: SMBK +113.7% vs +45.6%
-14%0%+44%2025-09-052026-08-27
Twelve months of weekly closes, each series rebased to 100. CASS · SMBK

Year-by-year returns

YearCASSSMBK
2022+20.0%+1.6%
2023+1.1%-9.7%
2024-6.7%+28.1%
2025+4.5%+20.5%
2026+38.8%+37.6%

Calendar-year price returns; the current year is year-to-date as of the data date above.

Are CASS and SMBK good diversifiers for each other?

To a limited degree. At 0.62 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.

FAQ

What is the correlation between CASS and SMBK?

The CASS/SMBK correlation stands at 0.62 on a 3-year window (1 year: 0.70, 5 years: 0.56), computed from weekly returns as of 2026-08-27.

Is SMBK a good diversifier for CASS?

To a limited degree. At 0.62 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.

What does a correlation of 0.62 mean?

A reading of 0.62 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.

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CASS vs SMBK: 3-year weekly correlation 0.62CASS vs SMBK0.62

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Hubs: CASS correlations · SMBK correlations