CVBF vs SBCF: Correlation
How closely do CVB Financial Corporation (CVBF) and Seacoast Banking Corporation of Florida (SBCF) trade together? Their weekly returns over three years give a correlation of 0.86, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CVBF and SBCF?
Over the past 3 years, CVBF and SBCF moved with a correlation of 0.86, which is very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.82 lands near the 3-year figure. Over 5 years the correlation is 0.77, and the annualized covariance of weekly returns is 793.5 %².
Within CVBF's tracked universe of 16 assets, SBCF comes in at #5 by 3-year correlation. Neither side won the trailing year by much: +13.6% against +12.7%.
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.
CVBF vs SBCF: side by side
| CVBF (CVB Financial Corporation) | SBCF (Seacoast Banking Corporation of Florida) | |
|---|---|---|
| 1-year return | +13.6% | +12.7% |
| 5-year return | +34.8% | +23.0% |
| Volatility (ann.) | 29.8% | 30.8% |
| Beta vs S&P 500 | 0.82 | 0.96 |
| Max drawdown (3Y) | -30.2% | -27.8% |
| Market cap | $3.9B | $3.3B |
| P/E (trailing) | 15.5 | 22.3 |
| Dividend yield | 3.57% | 2.18% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CVBF | SBCF |
|---|---|---|
| 2022 | +24.0% | -10.1% |
| 2023 | -18.5% | -6.0% |
| 2024 | +11.9% | -0.5% |
| 2025 | -9.4% | +17.1% |
| 2026 | +22.2% | +10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVBF and SBCF good diversifiers for each other?
No: a correlation of 0.86 means CVBF and SBCF tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between CVBF and SBCF?
The CVBF/SBCF correlation stands at 0.86 on a 3-year window (1 year: 0.82, 5 years: 0.77), computed from weekly returns as of 2026-08-27.
Is SBCF a good diversifier for CVBF?
No: a correlation of 0.86 means CVBF and SBCF tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.86 mean?
A reading of 0.86 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cvbf-vs-sbcf.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cvbf-vs-sbcf/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CVBF correlations · SBCF correlations
