SBCF vs SPG: Correlation
Seacoast Banking Corporation of Florida (SBCF) and Simon Property Group (SPG) show a strong relationship: their 3-year correlation of weekly returns is 0.69.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SBCF and SPG?
Across a 3-year window, the weekly returns of SBCF and SPG correlate at 0.69, strong. The link has loosened recently: the 1-year correlation (0.58) runs below the 3-year figure (0.69). Stretching to 5 years gives 0.57, with an annualized covariance of 481.2 %².
Within SBCF's tracked universe of 30 assets, SPG comes in at #16 by 3-year correlation. On 12-month performance SPG holds a 13.6-point edge, +12.7% against +26.3%.
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.
SBCF vs SPG: side by side
| SBCF (Seacoast Banking Corporation of Florida) | SPG (Simon Property Group) | |
|---|---|---|
| 1-year return | +12.7% | +26.3% |
| 5-year return | +23.0% | +110.2% |
| Volatility (ann.) | 30.8% | 22.7% |
| Beta vs S&P 500 | 0.96 | 0.79 |
| Max drawdown (3Y) | -27.8% | -24.3% |
| Market cap | $3.3B | $81.6B |
| P/E (trailing) | 22.3 | 15.2 |
| Dividend yield | 2.18% | 4.05% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | SBCF | SPG |
|---|---|---|
| 2022 | -10.1% | -21.9% |
| 2023 | -6.0% | +29.2% |
| 2024 | -0.5% | +26.9% |
| 2025 | +17.1% | +12.9% |
| 2026 | +10.5% | +18.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SBCF and SPG good diversifiers for each other?
Somewhat, no more. With 0.69 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between SBCF and SPG?
Using weekly returns as of 2026-08-27: 0.69 over 3 years, with 0.58 over the last year and 0.57 over 5 years.
Is SPG a good diversifier for SBCF?
Somewhat, no more. With 0.69 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.69 mean?
On the −1 to +1 scale, 0.69 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/sbcf-vs-spg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sbcf-vs-spg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SBCF correlations · SPG correlations
