LOB vs SBCF: Correlation
Measured on weekly returns over the past three years, Live Oak Bancshares, Inc. (LOB) and Seacoast Banking Corporation of Florida (SBCF) carry a correlation of 0.80, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LOB and SBCF?
Across a 3-year window, the weekly returns of LOB and SBCF correlate at 0.80, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.71 over 1 year against 0.80 over 3. Stretching to 5 years gives 0.68, with an annualized covariance of 1046.2 %².
Within LOB's tracked universe of 11 assets, SBCF comes in at #5 by 3-year correlation. On 12-month performance SBCF holds a 8.9-point edge, +3.8% 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.
LOB vs SBCF: side by side
| LOB (Live Oak Bancshares, Inc.) | SBCF (Seacoast Banking Corporation of Florida) | |
|---|---|---|
| 1-year return | +3.8% | +12.7% |
| 5-year return | -33.6% | +23.0% |
| Volatility (ann.) | 42.3% | 30.8% |
| Beta vs S&P 500 | 1.11 | 0.96 |
| Max drawdown (3Y) | -53.8% | -27.8% |
| Market cap | $1.9B | $3.3B |
| P/E (trailing) | 14.0 | 22.3 |
| Dividend yield | 0.30% | 2.18% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LOB | SBCF |
|---|---|---|
| 2022 | -65.3% | -10.1% |
| 2023 | +51.3% | -6.0% |
| 2024 | -12.8% | -0.5% |
| 2025 | -12.8% | +17.1% |
| 2026 | +16.6% | +10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LOB and SBCF good diversifiers for each other?
No. With a correlation of 0.80, LOB and SBCF move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between LOB and SBCF?
As of 2026-08-27, the correlation of weekly returns between LOB and SBCF is 0.80 over 3 years, 0.71 over 1 year and 0.68 over 5 years.
Is SBCF a good diversifier for LOB?
No. With a correlation of 0.80, LOB and SBCF move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.80 mean?
On the −1 to +1 scale, 0.80 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/lob-vs-sbcf.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lob-vs-sbcf/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LOB correlations · SBCF correlations
