SFBS vs SFNC: Correlation
Measured on weekly returns over the past three years, ServisFirst Bancshares, Inc. (SFBS) and Simmons First National Corporation (SFNC) carry a correlation of 0.86, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SFBS and SFNC?
Across a 3-year window, the weekly returns of SFBS and SFNC correlate at 0.86, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.81) sits close to the 3-year figure. Stretching to 5 years gives 0.76, with an annualized covariance of 851.9 %².
By 3-year correlation, SFNC places #4 of the 14 assets tracked against SFBS. On 12-month performance SFNC holds a 14.3-point edge, -0.8% against +13.5%.
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.
SFBS vs SFNC: side by side
| SFBS (ServisFirst Bancshares, Inc.) | SFNC (Simmons First National Corporation) | |
|---|---|---|
| 1-year return | -0.8% | +13.5% |
| 5-year return | +29.4% | -3.8% |
| Volatility (ann.) | 34.1% | 28.9% |
| Beta vs S&P 500 | 0.96 | 0.88 |
| Max drawdown (3Y) | -30.4% | -30.5% |
| Market cap | $4.7B | $3.3B |
| P/E (trailing) | 14.7 | – |
| Dividend yield | 1.70% | 3.75% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SFBS | SFNC |
|---|---|---|
| 2022 | -17.9% | -24.6% |
| 2023 | -1.2% | -4.0% |
| 2024 | +28.8% | +16.7% |
| 2025 | -13.9% | -11.3% |
| 2026 | +22.1% | +22.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SFBS and SFNC good diversifiers for each other?
No. With a correlation of 0.86, SFBS and SFNC move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between SFBS and SFNC?
The SFBS/SFNC correlation stands at 0.86 on a 3-year window (1 year: 0.81, 5 years: 0.76), computed from weekly returns as of 2026-08-27.
Is SFNC a good diversifier for SFBS?
No. With a correlation of 0.86, SFBS and SFNC move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.86 mean?
On the −1 to +1 scale, 0.86 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.
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Related comparisons
Hubs: SFBS correlations · SFNC correlations
