FBK vs SBCF: Correlation
Measured on weekly returns over the past three years, FB Financial Corporation (FBK) and Seacoast Banking Corporation of Florida (SBCF) carry a correlation of 0.87, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FBK and SBCF?
Across a 3-year window, the weekly returns of FBK and SBCF correlate at 0.87, 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. Stretching to 5 years gives 0.81, with an annualized covariance of 812.0 %².
Few assets follow FBK as closely as SBCF, which ranks #3 of 10 tracked partners. Their 12-month results are close: +8.9% for FBK against +12.7% for SBCF.
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.
FBK vs SBCF: side by side
| FBK (FB Financial Corporation) | SBCF (Seacoast Banking Corporation of Florida) | |
|---|---|---|
| 1-year return | +8.9% | +12.7% |
| 5-year return | +53.1% | +23.0% |
| Volatility (ann.) | 30.3% | 30.8% |
| Beta vs S&P 500 | 0.94 | 0.96 |
| Max drawdown (3Y) | -30.6% | -27.8% |
| Market cap | $2.9B | $3.3B |
| P/E (trailing) | 15.3 | 22.3 |
| Dividend yield | 1.39% | 2.18% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FBK | SBCF |
|---|---|---|
| 2022 | -16.5% | -10.1% |
| 2023 | +12.3% | -6.0% |
| 2024 | +31.4% | -0.5% |
| 2025 | +10.0% | +17.1% |
| 2026 | +4.4% | +10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FBK and SBCF good diversifiers for each other?
No: a correlation of 0.87 means FBK and SBCF tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between FBK and SBCF?
Using weekly returns as of 2026-08-27: 0.87 over 3 years, with 0.82 over the last year and 0.81 over 5 years.
Is SBCF a good diversifier for FBK?
No: a correlation of 0.87 means FBK and SBCF tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.87 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/fbk-vs-sbcf.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fbk-vs-sbcf/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FBK correlations · SBCF correlations
