CFBK vs SMBK: Correlation
Measured on weekly returns over the past three years, CF Bankshares Inc. (CFBK) and SmartFinancial, Inc. (SMBK) carry a correlation of 0.56, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CFBK and SMBK?
On 3 years of weekly data the CFBK/SMBK correlation comes out at 0.56, moderate. The relationship has been stable: the 1-year correlation (0.63) sits close to the 3-year figure. The 5-year figure is 0.48, and annualized covariance runs at 489.3 %².
Few assets follow CFBK as closely as SMBK, which ranks #2 of 12 tracked partners. Neither side won the trailing year by much: +42.5% against +37.6%.
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.
CFBK vs SMBK: side by side
| CFBK (CF Bankshares Inc.) | SMBK (SmartFinancial, Inc.) | |
|---|---|---|
| 1-year return | +42.5% | +37.6% |
| 5-year return | +92.0% | +113.7% |
| Volatility (ann.) | 30.3% | 28.9% |
| Beta vs S&P 500 | 0.75 | 0.84 |
| Max drawdown (3Y) | -33.5% | -26.4% |
| Market cap | $0.2B | $0.9B |
| P/E (trailing) | 11.9 | 14.9 |
| Dividend yield | 0.98% | 0.65% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CFBK | SMBK |
|---|---|---|
| 2022 | +4.1% | +1.6% |
| 2023 | -6.7% | -9.7% |
| 2024 | +32.6% | +28.1% |
| 2025 | -1.0% | +20.5% |
| 2026 | +39.5% | +37.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CFBK and SMBK good diversifiers for each other?
To a limited degree. At 0.56 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 CFBK and SMBK?
The CFBK/SMBK correlation stands at 0.56 on a 3-year window (1 year: 0.63, 5 years: 0.48), computed from weekly returns as of 2026-08-27.
Is SMBK a good diversifier for CFBK?
To a limited degree. At 0.56 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 0.56 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/cfbk-vs-smbk.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cfbk-vs-smbk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CFBK correlations · SMBK correlations
