GABC vs SFST: Correlation
Measured on weekly returns over the past three years, German American Bancorp, Inc. (GABC) and Southern First Bancshares, Inc. (SFST) carry a correlation of 0.77, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GABC and SFST?
On 3 years of weekly data the GABC/SFST correlation comes out at 0.77, strong. The relationship has been stable: the 1-year correlation (0.77) sits close to the 3-year figure. The 5-year figure is 0.70, and annualized covariance runs at 645.2 %².
Among the 15 assets we track against GABC, SFST ranks #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SFST outperformed by 15.6 percentage points (+21.5% for GABC against +37.1% for SFST).
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.
GABC vs SFST: side by side
| GABC (German American Bancorp, Inc.) | SFST (Southern First Bancshares, Inc.) | |
|---|---|---|
| 1-year return | +21.5% | +37.1% |
| 5-year return | +55.3% | +23.1% |
| Volatility (ann.) | 25.1% | 33.3% |
| Beta vs S&P 500 | 0.62 | 0.77 |
| Max drawdown (3Y) | -25.3% | -33.6% |
| Market cap | $1.9B | $0.6B |
| P/E (trailing) | 13.0 | 13.3 |
| Dividend yield | 2.46% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GABC | SFST |
|---|---|---|
| 2022 | -2.0% | -26.8% |
| 2023 | -10.2% | -18.9% |
| 2024 | +27.9% | +7.1% |
| 2025 | +0.3% | +29.6% |
| 2026 | +29.1% | +20.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GABC and SFST good diversifiers for each other?
Somewhat, no more. With 0.77 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between GABC and SFST?
The GABC/SFST correlation stands at 0.77 on a 3-year window (1 year: 0.77, 5 years: 0.70), computed from weekly returns as of 2026-08-27.
Is SFST a good diversifier for GABC?
Somewhat, no more. With 0.77 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.77 mean?
On the −1 to +1 scale, 0.77 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.
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Related comparisons
Hubs: GABC correlations · SFST correlations
