CUBI vs SGHC: Correlation
How closely do Customers Bancorp, Inc (CUBI) and Super Group (SGHC) Limited (SGHC) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CUBI and SGHC?
Over the past 3 years, CUBI and SGHC moved with a correlation of 0.44, which is moderate. The past 12 months show a weaker link (-0.17) than the 3-year average (0.44). Over 5 years the correlation is 0.30, and the annualized covariance of weekly returns is 917.4 %².
Among the 12 assets we track against CUBI, SGHC ranks #7 by 3-year correlation. Neither side won the trailing year by much: +11.2% against +14.9%.
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.
CUBI vs SGHC: side by side
| CUBI (Customers Bancorp, Inc) | SGHC (Super Group (SGHC) Limited) | |
|---|---|---|
| 1-year return | +11.2% | +14.9% |
| 5-year return | +93.6% | +49.1% |
| Volatility (ann.) | 42.3% | 49.2% |
| Beta vs S&P 500 | 1.17 | 1.19 |
| Max drawdown (3Y) | -36.1% | -39.5% |
| Market cap | $2.7B | $7.0B |
| P/E (trailing) | 9.5 | 19.2 |
| Dividend yield | 0.00% | 1.22% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CUBI | SGHC |
|---|---|---|
| 2022 | -56.6% | -69.8% |
| 2023 | +103.3% | +5.7% |
| 2024 | -15.5% | +107.7% |
| 2025 | +50.2% | +93.7% |
| 2026 | +8.1% | +16.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CUBI and SGHC 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 CUBI and SGHC?
The CUBI/SGHC correlation stands at 0.44 on a 3-year window (1 year: -0.17, 5 years: 0.30), computed from weekly returns as of 2026-08-27.
Is SGHC a good diversifier for CUBI?
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.
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Related comparisons
Hubs: CUBI correlations · SGHC correlations
