CFFI vs SMBK: Correlation
How closely do C&F Financial Corporation (CFFI) and SmartFinancial, Inc. (SMBK) trade together? Their weekly returns over three years give a correlation of 0.65, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CFFI and SMBK?
On 3 years of weekly data the CFFI/SMBK correlation comes out at 0.65, strong. Little has changed lately, as the 1-year reading of 0.59 lands near the 3-year figure. The 5-year figure is 0.52, and annualized covariance runs at 693.6 %².
In CFFI's tracked universe of 14 assets, SMBK sits right near the top at #2. The trailing year gives SMBK the advantage: +29.7% versus +37.6%, a 7.9-point spread.
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 SMBK: side by side
| CFFI (C&F Financial Corporation) | SMBK (SmartFinancial, Inc.) | |
|---|---|---|
| 1-year return | +29.7% | +37.6% |
| 5-year return | +96.2% | +113.7% |
| Volatility (ann.) | 36.7% | 28.9% |
| Beta vs S&P 500 | 0.73 | 0.84 |
| Max drawdown (3Y) | -50.7% | -26.4% |
| Market cap | $0.3B | $0.9B |
| P/E (trailing) | 10.1 | 14.9 |
| Dividend yield | 2.05% | 0.65% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CFFI | SMBK |
|---|---|---|
| 2022 | +17.5% | +1.6% |
| 2023 | +20.7% | -9.7% |
| 2024 | +7.8% | +28.1% |
| 2025 | +4.6% | +20.5% |
| 2026 | +26.4% | +37.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CFFI and SMBK good diversifiers for each other?
Only partially. A correlation of 0.65 means CFFI and SMBK share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CFFI and SMBK?
As of 2026-08-27, the correlation of weekly returns between CFFI and SMBK is 0.65 over 3 years, 0.59 over 1 year and 0.52 over 5 years.
Is SMBK a good diversifier for CFFI?
Only partially. A correlation of 0.65 means CFFI and SMBK share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.65 mean?
On the −1 to +1 scale, 0.65 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cffi-vs-smbk.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cffi-vs-smbk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CFFI correlations · SMBK correlations
