ALCO vs SBSI: Correlation
Alico, Inc. (ALCO) and Southside Bancshares, Inc. (SBSI) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALCO and SBSI?
Over the past 3 years, ALCO and SBSI moved with a correlation of 0.44, which is moderate. The past 12 months show a weaker link (0.29) than the 3-year average (0.44). Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 281.8 %².
Within ALCO's tracked universe of 11 assets, SBSI comes in at #5 by 3-year correlation. Over the last 12 months ALCO came out ahead by 11.3 percentage points (+17.7% against +6.4%).
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.
ALCO vs SBSI: side by side
| ALCO (Alico, Inc.) | SBSI (Southside Bancshares, Inc.) | |
|---|---|---|
| 1-year return | +17.7% | +6.4% |
| 5-year return | +16.5% | +7.0% |
| Volatility (ann.) | 26.2% | 24.6% |
| Beta vs S&P 500 | 0.35 | 0.59 |
| Max drawdown (3Y) | -19.6% | -27.3% |
| Market cap | $0.3B | $1.0B |
| P/E (trailing) | 199.1 | 12.6 |
| Dividend yield | 0.49% | 4.49% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALCO | SBSI |
|---|---|---|
| 2022 | -32.6% | -10.8% |
| 2023 | +22.8% | -8.9% |
| 2024 | -10.2% | +6.3% |
| 2025 | +41.0% | +0.5% |
| 2026 | +9.9% | +8.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALCO and SBSI good diversifiers for each other?
Reasonably. At 0.44, ALCO and SBSI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ALCO and SBSI?
As of 2026-08-27, the correlation of weekly returns between ALCO and SBSI is 0.44 over 3 years, 0.29 over 1 year and 0.37 over 5 years.
Is SBSI a good diversifier for ALCO?
Reasonably. At 0.44, ALCO and SBSI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/alco-vs-sbsi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/alco-vs-sbsi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ALCO correlations · SBSI correlations
