CBNK vs CIVB: Correlation
Capital Bancorp, Inc. (CBNK) and Civista Bancshares, Inc. (CIVB) show a strong relationship: their 3-year correlation of weekly returns is 0.78.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CBNK and CIVB?
Over the past 3 years, CBNK and CIVB moved with a correlation of 0.78, which is strong. Recent behaviour matches the longer record: 0.70 over 1 year against 0.78 over 3. Over 5 years the correlation is 0.69, and the annualized covariance of weekly returns is 688.4 %².
Within CBNK's tracked universe of 18 assets, CIVB comes in at #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CIVB ahead by 27.9 points (+7.3% versus +35.2%).
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 CIVB: side by side
| CBNK (Capital Bancorp, Inc.) | CIVB (Civista Bancshares, Inc.) | |
|---|---|---|
| 1-year return | +7.3% | +35.2% |
| 5-year return | +69.0% | +39.0% |
| Volatility (ann.) | 27.3% | 32.4% |
| Beta vs S&P 500 | 0.63 | 0.71 |
| Max drawdown (3Y) | -24.8% | -25.2% |
| Market cap | $0.6B | $0.6B |
| P/E (trailing) | 10.7 | 10.2 |
| Dividend yield | 1.32% | 2.56% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CBNK | CIVB |
|---|---|---|
| 2022 | -9.3% | -7.5% |
| 2023 | +4.3% | -13.2% |
| 2024 | +19.7% | +18.7% |
| 2025 | +0.3% | +9.1% |
| 2026 | +30.5% | +26.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBNK and CIVB good diversifiers for each other?
To a limited degree. At 0.78 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 CBNK and CIVB?
As of 2026-08-27, the correlation of weekly returns between CBNK and CIVB is 0.78 over 3 years, 0.70 over 1 year and 0.69 over 5 years.
Is CIVB a good diversifier for CBNK?
To a limited degree. At 0.78 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 0.78 mean?
A reading of 0.78 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: CBNK correlations · CIVB correlations
