SHBI vs SMBC: Correlation
Shore Bancshares, Inc. (SHBI) and Southern Missouri Bancorp, Inc. (SMBC) show a very strong relationship: their 3-year correlation of weekly returns is 0.85.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SHBI and SMBC?
Over the past 3 years, SHBI and SMBC moved with a correlation of 0.85, which is very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.75) sits close to the 3-year figure. Over 5 years the correlation is 0.71, and the annualized covariance of weekly returns is 814.9 %².
Among the 35 assets we track against SHBI, SMBC ranks #10 by 3-year correlation. The trailing year gives SHBI the advantage: +37.7% versus +30.7%, a 7.0-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.
SHBI vs SMBC: side by side
| SHBI (Shore Bancshares, Inc.) | SMBC (Southern Missouri Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +37.7% | +30.7% |
| 5-year return | +51.7% | +79.4% |
| Volatility (ann.) | 32.6% | 29.4% |
| Beta vs S&P 500 | 0.89 | 0.81 |
| Max drawdown (3Y) | -31.9% | -29.2% |
| Market cap | $0.8B | $0.8B |
| P/E (trailing) | 11.7 | 11.6 |
| Dividend yield | 2.16% | 1.32% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SHBI | SMBC |
|---|---|---|
| 2022 | -14.4% | -10.7% |
| 2023 | -15.1% | +18.9% |
| 2024 | +15.6% | +9.4% |
| 2025 | +15.0% | +4.8% |
| 2026 | +32.2% | +27.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SHBI and SMBC good diversifiers for each other?
No. With a correlation of 0.85, SHBI and SMBC move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between SHBI and SMBC?
As of 2026-08-27, the correlation of weekly returns between SHBI and SMBC is 0.85 over 3 years, 0.75 over 1 year and 0.71 over 5 years.
Is SMBC a good diversifier for SHBI?
No. With a correlation of 0.85, SHBI and SMBC move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.85 mean?
On the −1 to +1 scale, 0.85 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: SHBI correlations · SMBC correlations
