ABCB vs GBCI: Correlation
How closely do Ameris Bancorp (ABCB) and Glacier Bancorp, Inc. (GBCI) trade together? Their weekly returns over three years give a correlation of 0.85, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABCB and GBCI?
On 3 years of weekly data the ABCB/GBCI correlation comes out at 0.85, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.84 lands near the 3-year figure. The 5-year figure is 0.81, and annualized covariance runs at 825.8 %².
Among the 49 assets we track against ABCB, GBCI ranks #19 by 3-year correlation. The last year tells two different stories: ABCB led by 16.8 percentage points, +16.9% for ABCB against +0.1% for GBCI.
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 GBCI: side by side
| ABCB (Ameris Bancorp) | GBCI (Glacier Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +16.9% | +0.1% |
| 5-year return | +86.9% | +4.0% |
| Volatility (ann.) | 29.7% | 32.6% |
| Beta vs S&P 500 | 1.06 | 0.87 |
| Max drawdown (3Y) | -29.5% | -34.8% |
| Market cap | $5.7B | $6.2B |
| P/E (trailing) | 15.5 | 19.4 |
| Dividend yield | 0.93% | 2.80% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABCB | GBCI |
|---|---|---|
| 2022 | -3.8% | -10.4% |
| 2023 | +14.3% | -13.0% |
| 2024 | +19.4% | +25.4% |
| 2025 | +20.1% | -9.6% |
| 2026 | +15.5% | +8.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABCB and GBCI good diversifiers for each other?
No. With a correlation of 0.85, ABCB and GBCI move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between ABCB and GBCI?
The ABCB/GBCI correlation stands at 0.85 on a 3-year window (1 year: 0.84, 5 years: 0.81), computed from weekly returns as of 2026-08-27.
Is GBCI a good diversifier for ABCB?
No. With a correlation of 0.85, ABCB and GBCI move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.85 mean?
On the −1 to +1 scale, 0.85 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.
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Related comparisons
Hubs: ABCB correlations · GBCI correlations
