CBNK vs ESQ: Correlation
Capital Bancorp, Inc. (CBNK) and Esquire Financial Holdings, Inc. (ESQ) show a strong relationship: their 3-year correlation of weekly returns is 0.65.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CBNK and ESQ?
On 3 years of weekly data the CBNK/ESQ correlation comes out at 0.65, strong. Recent behaviour matches the longer record: 0.64 over 1 year against 0.65 over 3. The 5-year figure is 0.55, and annualized covariance runs at 522.4 %².
Within CBNK's tracked universe of 18 assets, ESQ comes in at #8 by 3-year correlation. Over the last 12 months ESQ came out ahead by 7.2 percentage points (+7.3% against +14.5%).
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 ESQ: side by side
| CBNK (Capital Bancorp, Inc.) | ESQ (Esquire Financial Holdings, Inc.) | |
|---|---|---|
| 1-year return | +7.3% | +14.5% |
| 5-year return | +69.0% | +359.7% |
| Volatility (ann.) | 27.3% | 29.3% |
| Beta vs S&P 500 | 0.63 | 0.60 |
| Max drawdown (3Y) | -24.8% | -20.7% |
| Market cap | $0.6B | $1.4B |
| P/E (trailing) | 10.7 | 18.6 |
| Dividend yield | 1.32% | 0.67% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CBNK | ESQ |
|---|---|---|
| 2022 | -9.3% | +38.3% |
| 2023 | +4.3% | +16.7% |
| 2024 | +19.7% | +60.9% |
| 2025 | +0.3% | +29.4% |
| 2026 | +30.5% | +12.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBNK and ESQ good diversifiers for each other?
Only partially. A correlation of 0.65 means CBNK and ESQ 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 CBNK and ESQ?
Using weekly returns as of 2026-08-27: 0.65 over 3 years, with 0.64 over the last year and 0.55 over 5 years.
Is ESQ a good diversifier for CBNK?
Only partially. A correlation of 0.65 means CBNK and ESQ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.65 mean?
On the −1 to +1 scale, 0.65 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
$ curl https://www.pairbook.io/api/v1/pairs/cbnk-vs-esq.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cbnk-vs-esq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CBNK correlations · ESQ correlations
