FLG vs SMBC: Correlation
How closely do Flagstar Bank, N.A. (FLG) and Southern Missouri Bancorp, Inc. (SMBC) trade together? Their weekly returns over three years give a correlation of 0.57, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLG and SMBC?
Across a 3-year window, the weekly returns of FLG and SMBC correlate at 0.57, moderate. Recent behaviour matches the longer record: 0.62 over 1 year against 0.57 over 3. Stretching to 5 years gives 0.48, with an annualized covariance of 869.5 %².
Within FLG's tracked universe of 11 assets, SMBC comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SMBC ahead by 25.8 points (+4.9% versus +30.7%). Risk is not evenly split, since FLG carries 1.8 times the volatility of the other side.
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.
FLG vs SMBC: side by side
| FLG (Flagstar Bank, N.A.) | SMBC (Southern Missouri Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +4.9% | +30.7% |
| 5-year return | -57.2% | +79.4% |
| Volatility (ann.) | 52.0% | 29.4% |
| Beta vs S&P 500 | 0.84 | 0.81 |
| Max drawdown (3Y) | -77.9% | -29.2% |
| Market cap | $5.6B | $0.8B |
| P/E (trailing) | 448.3 | 11.6 |
| Dividend yield | 0.29% | 1.32% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FLG | SMBC |
|---|---|---|
| 2022 | -24.5% | -10.7% |
| 2023 | +26.9% | +18.9% |
| 2024 | -69.1% | +9.4% |
| 2025 | +35.4% | +4.8% |
| 2026 | +7.0% | +27.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLG and SMBC good diversifiers for each other?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between FLG and SMBC?
The FLG/SMBC correlation stands at 0.57 on a 3-year window (1 year: 0.62, 5 years: 0.48), computed from weekly returns as of 2026-08-27.
Is SMBC a good diversifier for FLG?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.57 mean?
A reading of 0.57 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/flg-vs-smbc.json
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[](https://www.pairbook.io/pair/flg-vs-smbc/)
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Related comparisons
Hubs: FLG correlations · SMBC correlations
