CPF vs SBFG: Correlation
Central Pacific Financial Corp New (CPF) and SB Financial Group, Inc. (SBFG) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPF and SBFG?
Over the past 3 years, CPF and SBFG moved with a correlation of 0.44, which is moderate. The link has tightened recently: the 1-year correlation (0.61) runs above the 3-year figure (0.44). Over 5 years the correlation is 0.40, and the annualized covariance of weekly returns is 345.6 %².
Out of 19 assets tracked against CPF, SBFG lands near the bottom at #15. On 12-month performance SBFG holds a 10.8-point edge, +24.4% 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.
CPF vs SBFG: side by side
| CPF (Central Pacific Financial Corp New) | SBFG (SB Financial Group, Inc.) | |
|---|---|---|
| 1-year return | +24.4% | +35.2% |
| 5-year return | +85.5% | +88.6% |
| Volatility (ann.) | 26.5% | 29.8% |
| Beta vs S&P 500 | 0.84 | 0.34 |
| Max drawdown (3Y) | -25.2% | -27.8% |
| Market cap | $1.0B | $0.2B |
| P/E (trailing) | 12.2 | 10.3 |
| Dividend yield | 2.97% | 2.25% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CPF | SBFG |
|---|---|---|
| 2022 | -24.7% | -7.0% |
| 2023 | +2.9% | -5.9% |
| 2024 | +54.3% | +41.1% |
| 2025 | +11.3% | +9.5% |
| 2026 | +23.5% | +27.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPF and SBFG good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CPF and SBFG?
As of 2026-08-27, the correlation of weekly returns between CPF and SBFG is 0.44 over 3 years, 0.61 over 1 year and 0.40 over 5 years.
Is SBFG a good diversifier for CPF?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 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/cpf-vs-sbfg.json
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Related comparisons
Hubs: CPF correlations · SBFG correlations
