FCAP vs SBFG: Correlation
How closely do First Capital, Inc. (FCAP) and SB Financial Group, Inc. (SBFG) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FCAP and SBFG?
Across a 3-year window, the weekly returns of FCAP and SBFG correlate at 0.37, moderate. The past 12 months show a tighter link (0.49) than the 3-year average (0.37). Stretching to 5 years gives 0.32, with an annualized covariance of 422.7 %².
Few assets follow FCAP as closely as SBFG, which ranks #2 of 13 tracked partners. Correlation aside, the last 12 months split them widely, with FCAP ahead by 20.6 points (+55.8% versus +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.
FCAP vs SBFG: side by side
| FCAP (First Capital, Inc.) | SBFG (SB Financial Group, Inc.) | |
|---|---|---|
| 1-year return | +55.8% | +35.2% |
| 5-year return | +72.5% | +88.6% |
| Volatility (ann.) | 38.7% | 29.8% |
| Beta vs S&P 500 | 0.26 | 0.34 |
| Max drawdown (3Y) | -32.5% | -27.8% |
| Market cap | $0.2B | $0.2B |
| P/E (trailing) | 11.3 | 10.3 |
| Dividend yield | 2.02% | 2.25% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FCAP | SBFG |
|---|---|---|
| 2022 | -36.3% | -7.0% |
| 2023 | +16.5% | -5.9% |
| 2024 | +20.0% | +41.1% |
| 2025 | +88.4% | +9.5% |
| 2026 | +6.3% | +27.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FCAP and SBFG good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FCAP and SBFG?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.49 over the last year and 0.32 over 5 years.
Is SBFG a good diversifier for FCAP?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 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/fcap-vs-sbfg.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fcap-vs-sbfg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FCAP correlations · SBFG correlations
