CBFV vs. NBHC
CBFV (CB Financial Services, Inc.) and NBHC (National Bank Holdings Corporation) are both stocks. Both operate in the Banks - Regional industry within the Financial Services sector. Over the past 10 years, CBFV returned 8.86%/yr vs 10.43%/yr for NBHC. At a 0.17 correlation, their price movements are largely independent.
Performance
CBFV vs. NBHC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CBFV achieves a 3.00% return, which is significantly lower than NBHC's 14.23% return. Over the past 10 years, CBFV has underperformed NBHC with an annualized return of 8.86%, while NBHC has yielded a comparatively higher 10.43% annualized return.
CBFV
- 1D
- -4.46%
- 1M
- 2.49%
- YTD
- 3.00%
- 6M
- -1.19%
- 1Y
- 32.72%
- 3Y*
- 24.82%
- 5Y*
- 14.50%
- 10Y*
- 8.86%
NBHC
- 1D
- -0.16%
- 1M
- 2.50%
- YTD
- 14.23%
- 6M
- 10.06%
- 1Y
- 22.88%
- 3Y*
- 17.45%
- 5Y*
- 5.61%
- 10Y*
- 10.43%
CBFV vs. NBHC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CBFV CB Financial Services, Inc. | 3.00% | 25.99% | 25.11% | 16.48% | -7.16% | 25.67% | -30.79% | 26.28% | -14.92% | 19.86% |
NBHC National Bank Holdings Corporation | 14.23% | -8.94% | 19.11% | -8.81% | -2.16% | 37.06% | -4.50% | 16.56% | -3.44% | 2.77% |
Correlation
The correlation between CBFV and NBHC is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Sep 20, 2012 | 0.17 |
The correlation between CBFV and NBHC shifts across timeframes, from 0.17 (all time) to 0.36 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
CBFV:
$1.29
NBHC:
$3.71
CBFV:
27.40
NBHC:
11.53
CBFV:
2.66
NBHC:
2.04
CBFV:
$70.63M
NBHC:
$598.85M
CBFV:
$45.35M
NBHC:
$313.20M
CBFV:
$8.91M
NBHC:
$128.33M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CBFV vs. NBHC — Risk / Return Rank
CBFV
NBHC
CBFV vs. NBHC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CB Financial Services, Inc. (CBFV) and National Bank Holdings Corporation (NBHC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CBFV | NBHC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.17 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.31 | 1.60 | +1.72 |
| Martin ratioReturn relative to average drawdown | 6.89 | 3.61 | +3.28 |
Loading charts...
Drawdowns
CBFV vs. NBHC - Drawdown Comparison
The maximum CBFV drawdown since its inception was -50.77%, roughly equal to the maximum NBHC drawdown of -48.43%. Use the drawdown chart below to compare losses from any high point for CBFV and NBHC.
Loading charts...
Drawdown Indicators
| CBFV | NBHC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.77% | -48.43% | -2.34% |
Max Drawdown (1Y)Largest decline over 1 year | -9.93% | -14.41% | +4.48% |
Max Drawdown (3Y)Largest decline over 3 years | -21.15% | -32.94% | +11.79% |
Max Drawdown (5Y)Largest decline over 5 years | -27.33% | -43.64% | +16.31% |
Max Drawdown (10Y)Largest decline over 10 years | -50.77% | -48.43% | -2.34% |
Current DrawdownCurrent decline from peak | -6.51% | -12.07% | +5.56% |
Average DrawdownAverage peak-to-trough decline | -12.76% | -13.48% | +0.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.76% | 6.35% | -1.59% |
Volatility
CBFV vs. NBHC - Volatility Comparison
CB Financial Services, Inc. (CBFV) has a higher volatility of 9.57% compared to National Bank Holdings Corporation (NBHC) at 6.03%. This indicates that CBFV's price experiences larger fluctuations and is considered to be riskier than NBHC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CBFV | NBHC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.57% | 6.03% | +3.54% |
Volatility (6M)Calculated over the trailing 6-month period | 19.48% | 16.74% | +2.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.56% | 25.90% | +1.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.19% | 30.60% | -4.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.69% | 31.39% | -2.70% |
Dividends
CBFV vs. NBHC - Dividend Comparison
CBFV's dividend yield for the trailing twelve months is around 3.06%, more than NBHC's 2.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBFV CB Financial Services, Inc. | 3.06% | 2.93% | 3.50% | 4.20% | 4.48% | 3.99% | 4.80% | 3.19% | 3.59% | 2.93% | 3.40% | 3.71% |
NBHC National Bank Holdings Corporation | 2.92% | 3.16% | 2.60% | 2.80% | 2.23% | 1.98% | 2.44% | 2.13% | 1.75% | 1.05% | 0.69% | 0.94% |
Financials
CBFV vs. NBHC - Financials Comparison
This section allows you to compare key financial metrics between CB Financial Services, Inc. and National Bank Holdings Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
CBFV vs. NBHC - Profitability Comparison
CBFV - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, CB Financial Services, Inc. reported a gross profit of 14.59M and revenue of 20.61M. Therefore, the gross margin over that period was 70.8%.
NBHC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, National Bank Holdings Corporation reported a gross profit of 0.00 and revenue of 159.15M. Therefore, the gross margin over that period was 0.0%.
CBFV - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, CB Financial Services, Inc. reported an operating income of 4.58M and revenue of 20.61M, resulting in an operating margin of 22.2%.
NBHC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, National Bank Holdings Corporation reported an operating income of 0.00 and revenue of 159.15M, resulting in an operating margin of 0.0%.
CBFV - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, CB Financial Services, Inc. reported a net income of 3.87M and revenue of 20.61M, resulting in a net margin of 18.8%.
NBHC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, National Bank Holdings Corporation reported a net income of 20.79M and revenue of 159.15M, resulting in a net margin of 13.1%.
Frequently Asked Questions
CBFV and NBHC have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CBFV has higher volatility (9.57%) compared to NBHC (6.03%). In terms of maximum drawdown, CBFV dropped -50.77% vs NBHC's -48.43%.
CBFV currently has the higher Sharpe Ratio (1.20 vs 0.89), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for CBFV and NBHC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer