CBFV vs HBT: Correlation
CB Financial Services, Inc. (CBFV) and HBT Financial, Inc. (HBT) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CBFV and HBT?
Over the past 3 years, CBFV and HBT moved with a correlation of 0.51, which is moderate. Recent behaviour matches the longer record: 0.53 over 1 year against 0.51 over 3. Over 5 years the correlation is 0.36, and the annualized covariance of weekly returns is 341.8 %².
Among the 10 assets we track against CBFV, HBT ranks #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with HBT ahead by 21.1 points (+17.2% versus +38.3%).
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.
CBFV vs HBT: side by side
| CBFV (CB Financial Services, Inc.) | HBT (HBT Financial, Inc.) | |
|---|---|---|
| 1-year return | +17.2% | +38.3% |
| 5-year return | +97.7% | +160.4% |
| Volatility (ann.) | 25.3% | 26.7% |
| Beta vs S&P 500 | 0.46 | 0.80 |
| Max drawdown (3Y) | -21.1% | -18.7% |
| Market cap | $0.2B | $1.3B |
| P/E (trailing) | 27.3 | 15.2 |
| Dividend yield | 2.89% | 2.47% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CBFV | HBT |
|---|---|---|
| 2022 | -7.2% | +8.1% |
| 2023 | +16.5% | +11.7% |
| 2024 | +25.1% | +7.7% |
| 2025 | +26.0% | +22.2% |
| 2026 | +9.7% | +41.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBFV and HBT good diversifiers for each other?
Only partially. A correlation of 0.51 means CBFV and HBT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CBFV and HBT?
As of 2026-08-27, the correlation of weekly returns between CBFV and HBT is 0.51 over 3 years, 0.53 over 1 year and 0.36 over 5 years.
Is HBT a good diversifier for CBFV?
Only partially. A correlation of 0.51 means CBFV and HBT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 mean?
On the −1 to +1 scale, 0.51 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
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Related comparisons
Hubs: CBFV correlations · HBT correlations
