RBKB vs SFWL: Correlation
Measured on weekly returns over the past three years, Rhinebeck Bancorp, Inc. (RBKB) and Shengfeng Development Limited - Class A (SFWL) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RBKB and SFWL?
Over the past 3 years, RBKB and SFWL moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.15 over 1 year against -0.25 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -706.2 %².
Among the 13 assets we track against RBKB, SFWL sits near the bottom by co-movement, at rank #11. Correlation aside, the last 12 months split them widely, with RBKB ahead by 45.9 points (+31.5% versus -14.4%). One caveat on sizing: SFWL is 3.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
RBKB vs SFWL: side by side
| RBKB (Rhinebeck Bancorp, Inc.) | SFWL (Shengfeng Development Limited - Class A) | |
|---|---|---|
| 1-year return | +31.5% | -14.4% |
| 5-year return | +64.9% | n/a |
| Volatility (ann.) | 29.5% | 94.3% |
| Beta vs S&P 500 | 0.08 | 0.08 |
| Max drawdown (3Y) | -30.0% | -95.9% |
| Market cap | $0.2B | $0.1B |
| P/E (trailing) | 14.0 | 6.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RBKB | SFWL |
|---|---|---|
| 2022 | -14.5% | – |
| 2023 | -11.6% | – |
| 2024 | +20.1% | -63.3% |
| 2025 | +24.3% | -12.0% |
| 2026 | +46.8% | -8.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RBKB and SFWL good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between RBKB and SFWL?
The RBKB/SFWL correlation stands at -0.25 on a 3-year window (1 year: -0.15, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SFWL a good diversifier for RBKB?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 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/rbkb-vs-sfwl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/rbkb-vs-sfwl/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: RBKB correlations · SFWL correlations
