SBCF vs UTMD: Correlation
How closely do Seacoast Banking Corporation of Florida (SBCF) and Utah Medical Products, Inc. (UTMD) trade together? Their weekly returns over three years give a correlation of 0.54, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SBCF and UTMD?
Across a 3-year window, the weekly returns of SBCF and UTMD correlate at 0.54, moderate. The relationship has been stable: the 1-year correlation (0.55) sits close to the 3-year figure. Stretching to 5 years gives 0.31, with an annualized covariance of 370.0 %².
Among the 30 assets we track against SBCF, UTMD ranks #22 by 3-year correlation. Over the last 12 months UTMD came out ahead by 7.1 percentage points (+12.7% against +19.8%).
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 UTMD: side by side
| SBCF (Seacoast Banking Corporation of Florida) | UTMD (Utah Medical Products, Inc.) | |
|---|---|---|
| 1-year return | +12.7% | +19.8% |
| 5-year return | +23.0% | -11.0% |
| Volatility (ann.) | 30.8% | 22.1% |
| Beta vs S&P 500 | 0.96 | 0.50 |
| Max drawdown (3Y) | -27.8% | -42.5% |
| Market cap | $3.3B | $0.2B |
| P/E (trailing) | 22.3 | 21.6 |
| Dividend yield | 2.18% | 1.74% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SBCF | UTMD |
|---|---|---|
| 2022 | -10.1% | +1.9% |
| 2023 | -6.0% | -15.1% |
| 2024 | -0.5% | -25.7% |
| 2025 | +17.1% | -7.0% |
| 2026 | +10.5% | +29.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SBCF and UTMD good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between SBCF and UTMD?
The SBCF/UTMD correlation stands at 0.54 on a 3-year window (1 year: 0.55, 5 years: 0.31), computed from weekly returns as of 2026-08-27.
Is UTMD a good diversifier for SBCF?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/sbcf-vs-utmd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/sbcf-vs-utmd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SBCF correlations · UTMD correlations
