CBNK vs SHBI: Correlation
Capital Bancorp, Inc. (CBNK) and Shore Bancshares, Inc. (SHBI) show a very strong relationship: their 3-year correlation of weekly returns is 0.84.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CBNK and SHBI?
Over the past 3 years, CBNK and SHBI moved with a correlation of 0.84, which is very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.85 over 1 year against 0.84 over 3. Over 5 years the correlation is 0.75, and the annualized covariance of weekly returns is 748.7 %².
SHBI is one of the assets that tracks CBNK most closely: it ranks #3 out of the 18 assets we track against CBNK. Correlation aside, the last 12 months split them widely, with SHBI ahead by 30.4 points (+7.3% versus +37.7%).
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 SHBI: side by side
| CBNK (Capital Bancorp, Inc.) | SHBI (Shore Bancshares, Inc.) | |
|---|---|---|
| 1-year return | +7.3% | +37.7% |
| 5-year return | +69.0% | +51.7% |
| Volatility (ann.) | 27.3% | 32.6% |
| Beta vs S&P 500 | 0.63 | 0.89 |
| Max drawdown (3Y) | -24.8% | -31.9% |
| Market cap | $0.6B | $0.8B |
| P/E (trailing) | 10.7 | 11.7 |
| Dividend yield | 1.32% | 2.16% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CBNK | SHBI |
|---|---|---|
| 2022 | -9.3% | -14.4% |
| 2023 | +4.3% | -15.1% |
| 2024 | +19.7% | +15.6% |
| 2025 | +0.3% | +15.0% |
| 2026 | +30.5% | +32.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBNK and SHBI good diversifiers for each other?
Not really. At 0.84, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between CBNK and SHBI?
The CBNK/SHBI correlation stands at 0.84 on a 3-year window (1 year: 0.85, 5 years: 0.75), computed from weekly returns as of 2026-08-27.
Is SHBI a good diversifier for CBNK?
Not really. At 0.84, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.84 mean?
A reading of 0.84 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 · SHBI correlations
