CCNE vs FSBC: Correlation
CNB Financial Corporation (CCNE) and Five Star Bancorp (FSBC) show a very strong relationship: their 3-year correlation of weekly returns is 0.82.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCNE and FSBC?
Across a 3-year window, the weekly returns of CCNE and FSBC correlate at 0.82, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.80) sits close to the 3-year figure. Stretching to 5 years gives 0.70, with an annualized covariance of 643.7 %².
Among the 27 assets we track against CCNE, FSBC ranks #8 by 3-year correlation. Over the last 12 months FSBC came out ahead by 10.4 percentage points (+30.2% against +40.6%).
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.
CCNE vs FSBC: side by side
| CCNE (CNB Financial Corporation) | FSBC (Five Star Bancorp) | |
|---|---|---|
| 1-year return | +30.2% | +40.6% |
| 5-year return | +61.1% | +117.2% |
| Volatility (ann.) | 29.0% | 27.1% |
| Beta vs S&P 500 | 0.84 | 0.82 |
| Max drawdown (3Y) | -29.7% | -24.5% |
| Market cap | $1.0B | $1.1B |
| P/E (trailing) | 10.6 | 13.4 |
| Dividend yield | 2.18% | 2.10% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCNE | FSBC |
|---|---|---|
| 2022 | -7.8% | -7.2% |
| 2023 | -1.6% | -0.6% |
| 2024 | +13.6% | +18.6% |
| 2025 | +8.4% | +22.1% |
| 2026 | +31.5% | +28.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCNE and FSBC good diversifiers for each other?
No. With a correlation of 0.82, CCNE and FSBC move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between CCNE and FSBC?
The CCNE/FSBC correlation stands at 0.82 on a 3-year window (1 year: 0.80, 5 years: 0.70), computed from weekly returns as of 2026-08-27.
Is FSBC a good diversifier for CCNE?
No. With a correlation of 0.82, CCNE and FSBC move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.82 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.
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Related comparisons
Hubs: CCNE correlations · FSBC correlations
