PNW vs SFBC: Correlation
Measured on weekly returns over the past three years, Pinnacle West Capital (PNW) and Sound Financial Bancorp, Inc. (SFBC) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PNW and SFBC?
Over the past 3 years, PNW and SFBC moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.28) sits close to the 3-year figure. Over 5 years the correlation is -0.13, and the annualized covariance of weekly returns is -80.8 %².
Among the 36 assets we track against PNW, SFBC sits near the bottom by co-movement, at rank #33. On 12-month performance PNW holds a 12.0-point edge, +12.4% against +0.4%.
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.
PNW vs SFBC: side by side
| PNW (Pinnacle West Capital) | SFBC (Sound Financial Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +12.4% | +0.4% |
| 5-year return | +59.3% | +19.0% |
| Volatility (ann.) | 18.2% | 22.4% |
| Beta vs S&P 500 | 0.09 | 0.17 |
| Max drawdown (3Y) | -14.4% | -24.7% |
| Market cap | $11.9B | $0.1B |
| P/E (trailing) | 18.8 | 15.2 |
| Dividend yield | 3.67% | 1.69% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | PNW | SFBC |
|---|---|---|
| 2022 | +13.0% | -9.0% |
| 2023 | -1.2% | +1.3% |
| 2024 | +23.5% | +37.4% |
| 2025 | +8.9% | -15.8% |
| 2026 | +13.5% | +10.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PNW and SFBC good diversifiers for each other?
Yes. With a correlation of -0.20, PNW and SFBC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PNW and SFBC?
As of 2026-08-27, the correlation of weekly returns between PNW and SFBC is -0.20 over 3 years, -0.28 over 1 year and -0.13 over 5 years.
Is SFBC a good diversifier for PNW?
Yes. With a correlation of -0.20, PNW and SFBC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 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.
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Related comparisons
Hubs: PNW correlations · SFBC correlations
