CBNK vs SMP: Correlation
Capital Bancorp, Inc. (CBNK) and Standard Motor Products, Inc. (SMP) show a strong relationship: their 3-year correlation of weekly returns is 0.61.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CBNK and SMP?
On 3 years of weekly data the CBNK/SMP correlation comes out at 0.61, strong. Little has changed lately, as the 1-year reading of 0.59 lands near the 3-year figure. The 5-year figure is 0.55, and annualized covariance runs at 591.3 %².
Within CBNK's tracked universe of 18 assets, SMP comes in at #9 by 3-year correlation. The trailing year gives CBNK the advantage: +7.3% versus -2.7%, a 10.0-point spread.
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 SMP: side by side
| CBNK (Capital Bancorp, Inc.) | SMP (Standard Motor Products, Inc.) | |
|---|---|---|
| 1-year return | +7.3% | -2.7% |
| 5-year return | +69.0% | +1.1% |
| Volatility (ann.) | 27.3% | 35.3% |
| Beta vs S&P 500 | 0.63 | 0.75 |
| Max drawdown (3Y) | -24.8% | -44.8% |
| Market cap | $0.6B | $0.8B |
| P/E (trailing) | 10.7 | 9.4 |
| Dividend yield | 1.32% | 3.50% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CBNK | SMP |
|---|---|---|
| 2022 | -9.3% | -31.8% |
| 2023 | +4.3% | +18.0% |
| 2024 | +19.7% | -19.4% |
| 2025 | +0.3% | +23.4% |
| 2026 | +30.5% | +3.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBNK and SMP good diversifiers for each other?
To a limited degree. At 0.61 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 SMP?
As of 2026-08-27, the correlation of weekly returns between CBNK and SMP is 0.61 over 3 years, 0.59 over 1 year and 0.55 over 5 years.
Is SMP a good diversifier for CBNK?
To a limited degree. At 0.61 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 0.61 mean?
On the −1 to +1 scale, 0.61 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-smp.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cbnk-vs-smp/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CBNK correlations · SMP correlations
