CATY vs SFNC: Correlation
Cathay General Bancorp (CATY) and Simmons First National Corporation (SFNC) show a very strong relationship: their 3-year correlation of weekly returns is 0.86.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CATY and SFNC?
Over the past 3 years, CATY and SFNC moved with a correlation of 0.86, which is very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.82 over 1 year against 0.86 over 3. Over 5 years the correlation is 0.84, and the annualized covariance of weekly returns is 666.1 %².
By 3-year correlation, SFNC places #11 of the 28 assets tracked against CATY. The trailing year gives CATY the advantage: +26.7% versus +13.5%, a 13.2-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.
CATY vs SFNC: side by side
| CATY (Cathay General Bancorp) | SFNC (Simmons First National Corporation) | |
|---|---|---|
| 1-year return | +26.7% | +13.5% |
| 5-year return | +83.2% | -3.8% |
| Volatility (ann.) | 26.8% | 28.9% |
| Beta vs S&P 500 | 0.82 | 0.88 |
| Max drawdown (3Y) | -29.7% | -30.5% |
| Market cap | $4.1B | $3.3B |
| P/E (trailing) | 12.1 | – |
| Dividend yield | 2.39% | 3.75% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CATY | SFNC |
|---|---|---|
| 2022 | -2.1% | -24.6% |
| 2023 | +13.5% | -4.0% |
| 2024 | +10.3% | +16.7% |
| 2025 | +4.6% | -11.3% |
| 2026 | +30.2% | +22.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CATY and SFNC good diversifiers for each other?
No. With a correlation of 0.86, CATY and SFNC move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between CATY and SFNC?
The CATY/SFNC correlation stands at 0.86 on a 3-year window (1 year: 0.82, 5 years: 0.84), computed from weekly returns as of 2026-08-27.
Is SFNC a good diversifier for CATY?
No. With a correlation of 0.86, CATY and SFNC move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.86 mean?
A reading of 0.86 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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Related comparisons
Hubs: CATY correlations · SFNC correlations
