ABCB vs BWB: Correlation
Measured on weekly returns over the past three years, Ameris Bancorp (ABCB) and Bridgewater Bancshares, Inc. (BWB) carry a correlation of 0.79, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABCB and BWB?
Over the past 3 years, ABCB and BWB moved with a correlation of 0.79, which is strong. Little has changed lately, as the 1-year reading of 0.78 lands near the 3-year figure. Over 5 years the correlation is 0.75, and the annualized covariance of weekly returns is 723.7 %².
Among the 49 assets we track against ABCB, BWB ranks #30 by 3-year correlation. Over the last 12 months BWB came out ahead by 12.7 percentage points (+16.9% against +29.6%).
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.
ABCB vs BWB: side by side
| ABCB (Ameris Bancorp) | BWB (Bridgewater Bancshares, Inc.) | |
|---|---|---|
| 1-year return | +16.9% | +29.6% |
| 5-year return | +86.9% | +31.0% |
| Volatility (ann.) | 29.7% | 30.6% |
| Beta vs S&P 500 | 1.06 | 1.00 |
| Max drawdown (3Y) | -29.5% | -22.2% |
| Market cap | $5.7B | $0.6B |
| P/E (trailing) | 15.5 | 11.5 |
| Dividend yield | 0.93% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABCB | BWB |
|---|---|---|
| 2022 | -3.8% | +0.3% |
| 2023 | +14.3% | -23.8% |
| 2024 | +19.4% | -0.1% |
| 2025 | +20.1% | +29.8% |
| 2026 | +15.5% | +21.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABCB and BWB good diversifiers for each other?
Only partially. A correlation of 0.79 means ABCB and BWB 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 ABCB and BWB?
Using weekly returns as of 2026-08-27: 0.79 over 3 years, with 0.78 over the last year and 0.75 over 5 years.
Is BWB a good diversifier for ABCB?
Only partially. A correlation of 0.79 means ABCB and BWB share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.79 mean?
A reading of 0.79 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/abcb-vs-bwb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/abcb-vs-bwb/)
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Related comparisons
Hubs: ABCB correlations · BWB correlations
