CLMB vs UMBF: Correlation
Measured on weekly returns over the past three years, Climb Global Solutions, Inc. (CLMB) and UMB Financial Corporation (UMBF) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLMB and UMBF?
On 3 years of weekly data the CLMB/UMBF correlation comes out at 0.47, moderate. Recent behaviour matches the longer record: 0.48 over 1 year against 0.47 over 3. The 5-year figure is 0.29, and annualized covariance runs at 602.8 %².
UMBF is one of the assets that tracks CLMB most closely: it ranks #3 out of the 10 assets we track against CLMB. Correlation aside, the last 12 months split them widely, with UMBF ahead by 25.9 points (-6.7% versus +19.2%). One caveat on sizing: CLMB is 1.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CLMB vs UMBF: side by side
| CLMB (Climb Global Solutions, Inc.) | UMBF (UMB Financial Corporation) | |
|---|---|---|
| 1-year return | -6.7% | +19.2% |
| 5-year return | +361.0% | +73.4% |
| Volatility (ann.) | 45.3% | 28.4% |
| Beta vs S&P 500 | 1.04 | 1.01 |
| Max drawdown (3Y) | -53.4% | -31.8% |
| Market cap | $0.5B | $11.0B |
| P/E (trailing) | 25.0 | 11.9 |
| Dividend yield | 0.33% | 1.18% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLMB | UMBF |
|---|---|---|
| 2022 | -8.3% | -20.0% |
| 2023 | +76.6% | +2.2% |
| 2024 | +133.3% | +37.3% |
| 2025 | -18.4% | +3.4% |
| 2026 | +13.0% | +26.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLMB and UMBF good diversifiers for each other?
Reasonably. At 0.47, CLMB and UMBF keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CLMB and UMBF?
As of 2026-08-27, the correlation of weekly returns between CLMB and UMBF is 0.47 over 3 years, 0.48 over 1 year and 0.29 over 5 years.
Is UMBF a good diversifier for CLMB?
Reasonably. At 0.47, CLMB and UMBF keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 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/clmb-vs-umbf.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/clmb-vs-umbf/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CLMB correlations · UMBF correlations
