FHB vs SBCF: Correlation
Measured on weekly returns over the past three years, First Hawaiian, Inc. (FHB) 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 FHB and SBCF?
On 3 years of weekly data the FHB/SBCF correlation comes out at 0.87, very strong, meaning they move nearly in lockstep. The past 12 months show a weaker link (0.76) than the 3-year average (0.87). The 5-year figure is 0.81, and annualized covariance runs at 685.4 %².
SBCF is one of the assets that tracks FHB most closely: it ranks #2 out of the 18 assets we track against FHB. Over the last 12 months SBCF came out ahead by 9.4 percentage points (+3.3% 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.
FHB vs SBCF: side by side
| FHB (First Hawaiian, Inc.) | SBCF (Seacoast Banking Corporation of Florida) | |
|---|---|---|
| 1-year return | +3.3% | +12.7% |
| 5-year return | +16.4% | +23.0% |
| Volatility (ann.) | 25.6% | 30.8% |
| Beta vs S&P 500 | 0.77 | 0.96 |
| Max drawdown (3Y) | -24.3% | -27.8% |
| Market cap | $3.1B | $3.3B |
| P/E (trailing) | 11.3 | 22.3 |
| Dividend yield | 4.01% | 2.18% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FHB | SBCF |
|---|---|---|
| 2022 | -0.9% | -10.1% |
| 2023 | -7.6% | -6.0% |
| 2024 | +18.7% | -0.5% |
| 2025 | +1.6% | +17.1% |
| 2026 | +5.1% | +10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FHB and SBCF good diversifiers for each other?
Not really. At 0.87, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between FHB and SBCF?
Using weekly returns as of 2026-08-27: 0.87 over 3 years, with 0.76 over the last year and 0.81 over 5 years.
Is SBCF a good diversifier for FHB?
Not really. At 0.87, the two trade almost as one position, and owning both buys little extra protection.
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/fhb-vs-sbcf.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fhb-vs-sbcf/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FHB correlations · SBCF correlations
