TOWN vs USCB: Correlation
How closely do Towne Bank (TOWN) and USCB Financial Holdings, Inc. (USCB) trade together? Their weekly returns over three years give a correlation of 0.71, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TOWN and USCB?
Over the past 3 years, TOWN and USCB moved with a correlation of 0.71, which is strong. Recent behaviour matches the longer record: 0.80 over 1 year against 0.71 over 3. Over 5 years the correlation is 0.59, and the annualized covariance of weekly returns is 601.2 %².
Among the 19 assets we track against TOWN, USCB ranks #9 by 3-year correlation. The last year tells two different stories: USCB led by 25.0 percentage points, +6.7% for TOWN against +31.7% for USCB.
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.
TOWN vs USCB: side by side
| TOWN (Towne Bank) | USCB (USCB Financial Holdings, Inc.) | |
|---|---|---|
| 1-year return | +6.7% | +31.7% |
| 5-year return | +47.6% | +84.4% |
| Volatility (ann.) | 25.0% | 33.8% |
| Beta vs S&P 500 | 0.77 | 0.84 |
| Max drawdown (3Y) | -18.4% | -23.2% |
| Market cap | $3.5B | $0.4B |
| P/E (trailing) | 18.0 | 14.3 |
| Dividend yield | 2.90% | 2.02% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TOWN | USCB |
|---|---|---|
| 2022 | +0.7% | -12.9% |
| 2023 | +0.3% | +0.4% |
| 2024 | +18.3% | +47.0% |
| 2025 | +1.0% | +6.1% |
| 2026 | +16.1% | +23.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TOWN and USCB good diversifiers for each other?
Only partially. A correlation of 0.71 means TOWN and USCB 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 TOWN and USCB?
As of 2026-08-27, the correlation of weekly returns between TOWN and USCB is 0.71 over 3 years, 0.80 over 1 year and 0.59 over 5 years.
Is USCB a good diversifier for TOWN?
Only partially. A correlation of 0.71 means TOWN and USCB share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.71 mean?
A reading of 0.71 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/town-vs-uscb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/town-vs-uscb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: TOWN correlations · USCB correlations
