SCL vs SRCE: Correlation
How closely do Stepan Company (SCL) and 1st Source Corporation (SRCE) trade together? Their weekly returns over three years give a correlation of 0.64, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SCL and SRCE?
Across a 3-year window, the weekly returns of SCL and SRCE correlate at 0.64, strong. The relationship has been stable: the 1-year correlation (0.64) sits close to the 3-year figure. Stretching to 5 years gives 0.60, with an annualized covariance of 595.0 %².
Among the 13 assets we track against SCL, SRCE ranks #5 by 3-year correlation. The trailing year gives SRCE the advantage: +26.2% versus +37.0%, a 10.8-point spread.
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.
SCL vs SRCE: side by side
| SCL (Stepan Company) | SRCE (1st Source Corporation) | |
|---|---|---|
| 1-year return | +26.2% | +37.0% |
| 5-year return | -40.5% | +110.2% |
| Volatility (ann.) | 36.4% | 25.5% |
| Beta vs S&P 500 | 0.93 | 0.61 |
| Max drawdown (3Y) | -54.0% | -21.2% |
| Market cap | $1.4B | $2.1B |
| P/E (trailing) | – | 12.4 |
| Dividend yield | 2.51% | 0.93% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SCL | SRCE |
|---|---|---|
| 2022 | -13.2% | +9.8% |
| 2023 | -9.7% | +6.5% |
| 2024 | -30.3% | +9.0% |
| 2025 | -24.6% | +9.8% |
| 2026 | +34.7% | +40.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SCL and SRCE good diversifiers for each other?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between SCL and SRCE?
The SCL/SRCE correlation stands at 0.64 on a 3-year window (1 year: 0.64, 5 years: 0.60), computed from weekly returns as of 2026-08-27.
Is SRCE a good diversifier for SCL?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.64 mean?
On the −1 to +1 scale, 0.64 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/scl-vs-srce.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/scl-vs-srce/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SCL correlations · SRCE correlations
