SFST vs WNEB: Correlation
Southern First Bancshares, Inc. (SFST) and Western New England Bancorp, Inc. (WNEB) show a strong relationship: their 3-year correlation of weekly returns is 0.72.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SFST and WNEB?
Over the past 3 years, SFST and WNEB moved with a correlation of 0.72, which is strong. Recent behaviour matches the longer record: 0.70 over 1 year against 0.72 over 3. Over 5 years the correlation is 0.63, and the annualized covariance of weekly returns is 771.9 %².
Within SFST's tracked universe of 13 assets, WNEB comes in at #6 by 3-year correlation. The last year tells two different stories: SFST led by 25.2 percentage points, +37.1% for SFST against +11.9% for WNEB.
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.
SFST vs WNEB: side by side
| SFST (Southern First Bancshares, Inc.) | WNEB (Western New England Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +37.1% | +11.9% |
| 5-year return | +23.1% | +85.9% |
| Volatility (ann.) | 33.3% | 32.1% |
| Beta vs S&P 500 | 0.77 | 0.66 |
| Max drawdown (3Y) | -33.6% | -33.3% |
| Market cap | $0.6B | $0.3B |
| P/E (trailing) | 13.3 | 16.5 |
| Dividend yield | 0.00% | 2.03% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SFST | WNEB |
|---|---|---|
| 2022 | -26.8% | +11.0% |
| 2023 | -18.9% | -1.1% |
| 2024 | +7.1% | +6.0% |
| 2025 | +29.6% | +40.9% |
| 2026 | +20.7% | +10.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SFST and WNEB good diversifiers for each other?
Only partially. A correlation of 0.72 means SFST and WNEB share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between SFST and WNEB?
As of 2026-08-27, the correlation of weekly returns between SFST and WNEB is 0.72 over 3 years, 0.70 over 1 year and 0.63 over 5 years.
Is WNEB a good diversifier for SFST?
Only partially. A correlation of 0.72 means SFST and WNEB share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.72 mean?
A reading of 0.72 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/sfst-vs-wneb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/sfst-vs-wneb/)
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Related comparisons
Hubs: SFST correlations · WNEB correlations
