CBNK vs CHTR: Correlation
Measured on weekly returns over the past three years, Capital Bancorp, Inc. (CBNK) and Charter Communications (CHTR) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CBNK and CHTR?
Across a 3-year window, the weekly returns of CBNK and CHTR correlate at 0.46, moderate. Recent behaviour matches the longer record: 0.47 over 1 year against 0.46 over 3. Stretching to 5 years gives 0.35, with an annualized covariance of 520.8 %².
Among the 18 assets we track against CBNK, CHTR ranks #10 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CBNK ahead by 52.2 points (+7.3% versus -44.9%). Note the risk asymmetry: CHTR runs 1.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CBNK vs CHTR: side by side
| CBNK (Capital Bancorp, Inc.) | CHTR (Charter Communications) | |
|---|---|---|
| 1-year return | +7.3% | -44.9% |
| 5-year return | +69.0% | -81.8% |
| Volatility (ann.) | 27.3% | 41.3% |
| Beta vs S&P 500 | 0.63 | 0.74 |
| Max drawdown (3Y) | -24.8% | -72.9% |
| Market cap | $0.6B | $20.0B |
| P/E (trailing) | 10.7 | 4.0 |
| Dividend yield | 1.32% | 0.00% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | CBNK | CHTR |
|---|---|---|
| 2022 | -9.3% | -48.0% |
| 2023 | +4.3% | +14.6% |
| 2024 | +19.7% | -11.8% |
| 2025 | +0.3% | -39.1% |
| 2026 | +30.5% | -28.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBNK and CHTR good diversifiers for each other?
Reasonably. At 0.46, CBNK and CHTR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CBNK and CHTR?
As of 2026-08-27, the correlation of weekly returns between CBNK and CHTR is 0.46 over 3 years, 0.47 over 1 year and 0.35 over 5 years.
Is CHTR a good diversifier for CBNK?
Reasonably. At 0.46, CBNK and CHTR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 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.
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Related comparisons
Hubs: CBNK correlations · CHTR correlations
