BANR vs EQBK: Correlation
How closely do Banner Corporation (BANR) and Equity Bancshares, Inc. (EQBK) trade together? Their weekly returns over three years give a correlation of 0.81, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BANR and EQBK?
Over the past 3 years, BANR and EQBK moved with a correlation of 0.81, which is very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.78) sits close to the 3-year figure. Over 5 years the correlation is 0.74, and the annualized covariance of weekly returns is 676.4 %².
By 3-year correlation, EQBK places #8 of the 18 assets tracked against BANR. Correlation aside, the last 12 months split them widely, with EQBK ahead by 16.6 points (+7.1% versus +23.7%).
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.
BANR vs EQBK: side by side
| BANR (Banner Corporation) | EQBK (Equity Bancshares, Inc.) | |
|---|---|---|
| 1-year return | +7.1% | +23.7% |
| 5-year return | +46.1% | +67.0% |
| Volatility (ann.) | 28.8% | 28.8% |
| Beta vs S&P 500 | 0.80 | 0.76 |
| Max drawdown (3Y) | -25.4% | -28.3% |
| Market cap | $2.4B | $1.0B |
| P/E (trailing) | 11.6 | 31.5 |
| Dividend yield | 2.84% | 1.45% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BANR | EQBK |
|---|---|---|
| 2022 | +7.2% | -2.6% |
| 2023 | -11.9% | +5.5% |
| 2024 | +29.5% | +26.9% |
| 2025 | -3.2% | +6.9% |
| 2026 | +14.6% | +12.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BANR and EQBK good diversifiers for each other?
No. With a correlation of 0.81, BANR and EQBK move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between BANR and EQBK?
The BANR/EQBK correlation stands at 0.81 on a 3-year window (1 year: 0.78, 5 years: 0.74), computed from weekly returns as of 2026-08-27.
Is EQBK a good diversifier for BANR?
No. With a correlation of 0.81, BANR and EQBK move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.81 mean?
On the −1 to +1 scale, 0.81 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/banr-vs-eqbk.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/banr-vs-eqbk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BANR correlations · EQBK correlations
