CBSH vs HOMB: Correlation
Measured on weekly returns over the past three years, Commerce Bancshares, Inc. (CBSH) and Home BancShares, Inc. (HOMB) carry a correlation of 0.86, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CBSH and HOMB?
Across a 3-year window, the weekly returns of CBSH and HOMB correlate at 0.86, very strong, meaning they move nearly in lockstep. The past 12 months show a weaker link (0.73) than the 3-year average (0.86). Stretching to 5 years gives 0.81, with an annualized covariance of 485.2 %².
HOMB is one of the assets that tracks CBSH most closely: it ranks #1 out of the 13 assets we track against CBSH. Neither side won the trailing year by much: -1.0% against +1.8%.
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.
CBSH vs HOMB: side by side
| CBSH (Commerce Bancshares, Inc.) | HOMB (Home BancShares, Inc.) | |
|---|---|---|
| 1-year return | -1.0% | +1.8% |
| 5-year return | +10.0% | +56.7% |
| Volatility (ann.) | 22.8% | 24.7% |
| Beta vs S&P 500 | 0.64 | 0.65 |
| Max drawdown (3Y) | -27.6% | -21.4% |
| Market cap | $8.3B | $5.9B |
| P/E (trailing) | 14.3 | 12.3 |
| Dividend yield | 1.84% | 2.78% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CBSH | HOMB |
|---|---|---|
| 2022 | +0.5% | -3.7% |
| 2023 | -15.9% | +14.8% |
| 2024 | +24.7% | +15.0% |
| 2025 | -10.2% | +0.9% |
| 2026 | +12.1% | +9.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBSH and HOMB good diversifiers for each other?
Not really. At 0.86, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between CBSH and HOMB?
The CBSH/HOMB correlation stands at 0.86 on a 3-year window (1 year: 0.73, 5 years: 0.81), computed from weekly returns as of 2026-08-27.
Is HOMB a good diversifier for CBSH?
Not really. At 0.86, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.86 mean?
A reading of 0.86 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cbsh-vs-homb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cbsh-vs-homb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CBSH correlations · HOMB correlations
