CFFI vs SBFG: Correlation
C&F Financial Corporation (CFFI) and SB Financial Group, Inc. (SBFG) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CFFI and SBFG?
On 3 years of weekly data the CFFI/SBFG correlation comes out at 0.47, moderate. The past 12 months show a tighter link (0.59) than the 3-year average (0.47). The 5-year figure is 0.37, and annualized covariance runs at 516.9 %².
Among the 14 assets we track against CFFI, SBFG ranks #6 by 3-year correlation. On 12-month performance SBFG holds a 5.5-point edge, +29.7% against +35.2%.
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.
CFFI vs SBFG: side by side
| CFFI (C&F Financial Corporation) | SBFG (SB Financial Group, Inc.) | |
|---|---|---|
| 1-year return | +29.7% | +35.2% |
| 5-year return | +96.2% | +88.6% |
| Volatility (ann.) | 36.7% | 29.8% |
| Beta vs S&P 500 | 0.73 | 0.34 |
| Max drawdown (3Y) | -50.7% | -27.8% |
| Market cap | $0.3B | $0.2B |
| P/E (trailing) | 10.1 | 10.3 |
| Dividend yield | 2.05% | 2.25% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CFFI | SBFG |
|---|---|---|
| 2022 | +17.5% | -7.0% |
| 2023 | +20.7% | -5.9% |
| 2024 | +7.8% | +41.1% |
| 2025 | +4.6% | +9.5% |
| 2026 | +26.4% | +27.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CFFI and SBFG good diversifiers for each other?
Reasonably. At 0.47, CFFI and SBFG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CFFI and SBFG?
The CFFI/SBFG correlation stands at 0.47 on a 3-year window (1 year: 0.59, 5 years: 0.37), computed from weekly returns as of 2026-08-27.
Is SBFG a good diversifier for CFFI?
Reasonably. At 0.47, CFFI and SBFG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 mean?
A reading of 0.47 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: CFFI correlations · SBFG correlations
