SHBI vs TFSL: Correlation
Measured on weekly returns over the past three years, Shore Bancshares, Inc. (SHBI) and TFS Financial Corporation (TFSL) carry a correlation of 0.77, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SHBI and TFSL?
On 3 years of weekly data the SHBI/TFSL correlation comes out at 0.77, strong. Recent behaviour matches the longer record: 0.67 over 1 year against 0.77 over 3. The 5-year figure is 0.64, and annualized covariance runs at 579.2 %².
Among the 35 assets we track against SHBI, TFSL ranks #16 by 3-year correlation. Neither side won the trailing year by much: +37.7% against +36.2%.
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 TFSL: side by side
| SHBI (Shore Bancshares, Inc.) | TFSL (TFS Financial Corporation) | |
|---|---|---|
| 1-year return | +37.7% | +36.2% |
| 5-year return | +51.7% | +35.4% |
| Volatility (ann.) | 32.6% | 23.1% |
| Beta vs S&P 500 | 0.89 | 0.49 |
| Max drawdown (3Y) | -31.9% | -21.3% |
| Market cap | $0.8B | $5.0B |
| P/E (trailing) | 11.7 | 49.7 |
| Dividend yield | 2.16% | 6.31% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SHBI | TFSL |
|---|---|---|
| 2022 | -14.4% | -13.0% |
| 2023 | -15.1% | +11.2% |
| 2024 | +15.6% | -6.7% |
| 2025 | +15.0% | +16.0% |
| 2026 | +32.2% | +39.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SHBI and TFSL good diversifiers for each other?
To a limited degree. At 0.77 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between SHBI and TFSL?
Using weekly returns as of 2026-08-27: 0.77 over 3 years, with 0.67 over the last year and 0.64 over 5 years.
Is TFSL a good diversifier for SHBI?
To a limited degree. At 0.77 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.77 mean?
On the −1 to +1 scale, 0.77 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/shbi-vs-tfsl.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/shbi-vs-tfsl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SHBI correlations · TFSL correlations
