FMBH vs SMBC: Correlation
How closely do First Mid Bancshares, Inc. (FMBH) and Southern Missouri Bancorp, Inc. (SMBC) 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 FMBH and SMBC?
Over the past 3 years, FMBH and SMBC 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 0.83 lands near the 3-year figure. Over 5 years the correlation is 0.78, and the annualized covariance of weekly returns is 655.9 %².
Among the 56 assets we track against FMBH, SMBC ranks #15 by 3-year correlation. Twelve-month performance is nearly a tie, at +26.9% for FMBH and +30.7% for SMBC.
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.
FMBH vs SMBC: side by side
| FMBH (First Mid Bancshares, Inc.) | SMBC (Southern Missouri Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +26.9% | +30.7% |
| 5-year return | +40.9% | +79.4% |
| Volatility (ann.) | 26.0% | 29.4% |
| Beta vs S&P 500 | 0.76 | 0.81 |
| Max drawdown (3Y) | -27.5% | -29.2% |
| Market cap | $1.3B | $0.8B |
| P/E (trailing) | 12.5 | 11.6 |
| Dividend yield | 1.99% | 1.32% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FMBH | SMBC |
|---|---|---|
| 2022 | -23.2% | -10.7% |
| 2023 | +11.6% | +18.9% |
| 2024 | +9.1% | +9.4% |
| 2025 | +8.7% | +4.8% |
| 2026 | +31.1% | +27.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FMBH and SMBC good diversifiers for each other?
No. With a correlation of 0.86, FMBH and SMBC move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between FMBH and SMBC?
As of 2026-08-27, the correlation of weekly returns between FMBH and SMBC is 0.86 over 3 years, 0.83 over 1 year and 0.78 over 5 years.
Is SMBC a good diversifier for FMBH?
No. With a correlation of 0.86, FMBH and SMBC move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.86 mean?
On the −1 to +1 scale, 0.86 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fmbh-vs-smbc.json
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Related comparisons
Hubs: FMBH correlations · SMBC correlations
