AGM vs GSBC: Correlation
Measured on weekly returns over the past three years, Federal Agricultural Mortgage Corporation (AGM) and Great Southern Bancorp, Inc. (GSBC) carry a correlation of 0.68, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGM and GSBC?
Over the past 3 years, AGM and GSBC moved with a correlation of 0.68, which is strong. The past 12 months show a weaker link (0.43) than the 3-year average (0.68). Over 5 years the correlation is 0.63, and the annualized covariance of weekly returns is 512.6 %².
In AGM's tracked universe of 16 assets, GSBC sits right near the top at #1. The last year tells two different stories: GSBC led by 15.3 percentage points, +11.4% for AGM against +26.7% for GSBC.
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.
AGM vs GSBC: side by side
| AGM (Federal Agricultural Mortgage Corporation) | GSBC (Great Southern Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +11.4% | +26.7% |
| 5-year return | +167.7% | +68.1% |
| Volatility (ann.) | 30.2% | 24.8% |
| Beta vs S&P 500 | 0.85 | 0.62 |
| Max drawdown (3Y) | -32.5% | -23.4% |
| Market cap | $2.4B | $0.9B |
| P/E (trailing) | 11.9 | 13.1 |
| Dividend yield | 2.84% | 2.19% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGM | GSBC |
|---|---|---|
| 2022 | -5.8% | +3.1% |
| 2023 | +74.6% | +2.8% |
| 2024 | +6.1% | +3.5% |
| 2025 | -8.0% | +6.0% |
| 2026 | +29.3% | +29.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGM and GSBC good diversifiers for each other?
Somewhat, no more. With 0.68 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AGM and GSBC?
As of 2026-08-27, the correlation of weekly returns between AGM and GSBC is 0.68 over 3 years, 0.43 over 1 year and 0.63 over 5 years.
Is GSBC a good diversifier for AGM?
Somewhat, no more. With 0.68 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.68 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: AGM correlations · GSBC correlations