CCB vs FHB: Correlation
Coastal Financial Corporation (CCB) and First Hawaiian, Inc. (FHB) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCB and FHB?
Across a 3-year window, the weekly returns of CCB and FHB correlate at 0.57, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.40 versus 0.57 over 3 years. Stretching to 5 years gives 0.52, with an annualized covariance of 662.0 %².
In CCB's tracked universe of 19 assets, FHB sits right near the top at #2. The last year tells two different stories: FHB led by 62.3 percentage points, -59.0% for CCB against +3.3% for FHB. Risk is not evenly split, since CCB carries 1.8 times the volatility of the other side.
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.
CCB vs FHB: side by side
| CCB (Coastal Financial Corporation) | FHB (First Hawaiian, Inc.) | |
|---|---|---|
| 1-year return | -59.0% | +3.3% |
| 5-year return | +59.4% | +16.4% |
| Volatility (ann.) | 45.4% | 25.6% |
| Beta vs S&P 500 | 0.96 | 0.77 |
| Max drawdown (3Y) | -66.5% | -24.3% |
| Market cap | $0.7B | $3.1B |
| P/E (trailing) | – | 11.3 |
| Dividend yield | 0.00% | 4.01% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCB | FHB |
|---|---|---|
| 2022 | -6.1% | -0.9% |
| 2023 | -6.5% | -7.6% |
| 2024 | +91.2% | +18.7% |
| 2025 | +35.0% | +1.6% |
| 2026 | -59.2% | +5.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCB and FHB good diversifiers for each other?
To a limited degree. At 0.57 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 CCB and FHB?
The CCB/FHB correlation stands at 0.57 on a 3-year window (1 year: 0.40, 5 years: 0.52), computed from weekly returns as of 2026-08-27.
Is FHB a good diversifier for CCB?
To a limited degree. At 0.57 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 0.57 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ccb-vs-fhb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ccb-vs-fhb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CCB correlations · FHB correlations
