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CBNK vs. SPY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CBNK vs. SPY

Last updated Jun 4, 2026

CBNK (Capital Bancorp, Inc.) is a stock, while SPY (State Street SPDR S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 5 years, CBNK returned 6.65%/yr vs 13.83%/yr for SPY. At a 0.38 correlation, their price movements are largely independent.

Performance

CBNK vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Capital Bancorp, Inc. (CBNK) and State Street SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, CBNK achieves a 12.59% return, which is significantly higher than SPY's 10.91% return.

CBNK

1D
-2.48%
1M
2.60%
YTD
12.59%
6M
10.63%
1Y
0.77%
3Y*
23.77%
5Y*
6.65%
10Y*
—

SPY

1D
-0.70%
1M
5.05%
YTD
10.91%
6M
10.91%
1Y
27.98%
3Y*
22.35%
5Y*
13.83%
10Y*
15.49%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CBNK vs. SPY - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
CBNK
Capital Bancorp, Inc.		12.59%0.27%19.66%4.31%-9.31%88.84%-6.45%30.50%-10.86%
SPY
State Street SPDR S&P 500 ETF		10.91%17.72%24.89%26.18%-18.18%28.73%18.33%31.22%-13.28%

Correlation

The correlation between CBNK and SPY is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.44

Correlation (3Y)
Calculated over the trailing 3-year period

0.33

Correlation (5Y)
Calculated over the trailing 5-year period

0.39

Correlation (All Time)
Calculated using the full available price history since Sep 27, 2018

0.38

The correlation between CBNK and SPY shifts across timeframes, from 0.33 (3 years) to 0.44 (1 year), reflecting how their relationship changes across market environments.

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Capital Bancorp, Inc.

State Street SPDR S&P 500 ETF

Often compared with CBNK:
CBNK vs. ZWB.TOCBNK vs. XDIV.TOCBNK vs. VGTCBNK vs. BANK.TOCBNK vs. SMTICBNK vs. DVAXCBNK vs. TH
Often compared with SPY:
SPY vs. QQQSPY vs. VOOSPY vs. BRK-BSPY vs. RSPSPY vs. VTISPY vs. SCHDSPY vs. GLD

Return for Risk

CBNK vs. SPY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CBNK
CBNK Risk / Return Rank: 3939
Overall Rank
CBNK Sharpe Ratio Rank: 4242
Sharpe Ratio Rank
CBNK Sortino Ratio Rank: 3636
Sortino Ratio Rank
CBNK Omega Ratio Rank: 3535
Omega Ratio Rank
CBNK Calmar Ratio Rank: 4141
Calmar Ratio Rank
CBNK Martin Ratio Rank: 4141
Martin Ratio Rank
SPY
SPY Risk / Return Rank: 7070
Overall Rank
SPY Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
SPY Sortino Ratio Rank: 6969
Sortino Ratio Rank
SPY Omega Ratio Rank: 7070
Omega Ratio Rank
SPY Calmar Ratio Rank: 6262
Calmar Ratio Rank
SPY Martin Ratio Rank: 7575
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CBNK vs. SPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Bancorp, Inc. (CBNK) and State Street SPDR S&P 500 ETF (SPY). 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.

CBNKSPYDifference
Sharpe ratioReturn per unit of total volatility
0.03
2.38

-2.35

Sortino ratioReturn per unit of downside risk
0.22
3.24

-3.02

Omega ratioGain probability vs. loss probability

1.03

1.43

-0.40

Calmar ratioReturn relative to maximum drawdown

0.03

3.16

-3.13

Martin ratioReturn relative to average drawdown

0.06

14.72

-14.66

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CBNK vs. SPY - Sharpe Ratio Comparison

The current CBNK Sharpe Ratio is 0.03, which is lower than the SPY Sharpe Ratio of 2.38. The chart below compares the historical Sharpe Ratios of CBNK and SPY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

CBNKSPYDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.03

2.38

-2.35

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.24

0.82

-0.58

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.87

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.29

0.59

-0.30

Drawdowns

CBNK vs. SPY - Drawdown Comparison

The maximum CBNK drawdown since its inception was -53.68%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for CBNK and SPY.

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Drawdown Indicators

CBNKSPYDifference

Max Drawdown

Largest peak-to-trough decline

-53.68%

-55.19%

+1.51%

Max Drawdown (1Y)

Largest decline over 1 year

-24.81%

-8.88%

-15.93%

Max Drawdown (3Y)

Largest decline over 3 years

-24.81%

-18.76%

-6.05%

Max Drawdown (5Y)

Largest decline over 5 years

-43.34%

-24.50%

-18.84%

Max Drawdown (10Y)

Largest decline over 10 years

—

-33.72%

—

Current Drawdown

Current decline from peak

-10.39%

-0.70%

-9.69%

Average Drawdown

Average peak-to-trough decline

-15.14%

-9.05%

-6.09%

Ulcer Index

Depth and duration of drawdowns from previous peaks

13.71%

1.91%

+11.80%

Volatility

CBNK vs. SPY - Volatility Comparison

Capital Bancorp, Inc. (CBNK) has a higher volatility of 6.13% compared to State Street SPDR S&P 500 ETF (SPY) at 2.84%. This indicates that CBNK's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CBNKSPYDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.13%

2.84%

+3.29%

Volatility (6M)

Calculated over the trailing 6-month period

17.33%

8.90%

+8.43%

Volatility (1Y)

Calculated over the trailing 1-year period

25.67%

11.83%

+13.84%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

28.32%

17.05%

+11.27%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

46.80%

17.94%

+28.86%

Dividends

CBNK vs. SPY - Dividend Comparison

CBNK's dividend yield for the trailing twelve months is around 1.52%, more than SPY's 0.98% yield.

PositionTTM20252024202320222021202020192018201720162015
CBNK
Capital Bancorp, Inc.		1.52%1.56%1.26%1.16%0.93%0.38%0.00%0.00%0.00%0.00%0.00%0.00%
SPY
State Street SPDR S&P 500 ETF		0.98%1.07%1.21%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%

Frequently Asked Questions

CBNK and SPY have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

CBNK has higher volatility (6.13%) compared to SPY (2.84%). In terms of maximum drawdown, CBNK dropped -53.68% vs SPY's -55.19%.

SPY currently has the higher Sharpe Ratio (2.38 vs 0.03), 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.

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