AMTB vs GATX: Correlation
How closely do Amerant Bancorp Inc. (AMTB) and GATX Corporation (GATX) trade together? Their weekly returns over three years give a correlation of 0.62, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMTB and GATX?
Across a 3-year window, the weekly returns of AMTB and GATX correlate at 0.62, strong. The link has loosened recently: the 1-year correlation (0.50) runs below the 3-year figure (0.62). Stretching to 5 years gives 0.51, with an annualized covariance of 522.0 %².
Within AMTB's tracked universe of 11 assets, GATX comes in at #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with AMTB ahead by 27.6 points (+36.7% versus +9.1%).
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.
AMTB vs GATX: side by side
| AMTB (Amerant Bancorp Inc.) | GATX (GATX Corporation) | |
|---|---|---|
| 1-year return | +36.7% | +9.1% |
| 5-year return | +17.3% | +112.2% |
| Volatility (ann.) | 34.6% | 24.2% |
| Beta vs S&P 500 | 0.99 | 0.78 |
| Max drawdown (3Y) | -36.9% | -18.1% |
| Market cap | $1.1B | $6.3B |
| P/E (trailing) | 20.6 | 17.7 |
| Dividend yield | 1.26% | 1.42% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMTB | GATX |
|---|---|---|
| 2022 | -21.4% | +4.2% |
| 2023 | -6.8% | +15.2% |
| 2024 | -7.3% | +31.1% |
| 2025 | -11.3% | +11.1% |
| 2026 | +49.4% | +6.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMTB and GATX good diversifiers for each other?
To a limited degree. At 0.62 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between AMTB and GATX?
The AMTB/GATX correlation stands at 0.62 on a 3-year window (1 year: 0.50, 5 years: 0.51), computed from weekly returns as of 2026-08-27.
Is GATX a good diversifier for AMTB?
To a limited degree. At 0.62 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.62 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: AMTB correlations · GATX correlations
