BANR vs VBNK: Correlation
Measured on weekly returns over the past three years, Banner Corporation (BANR) and VersaBank (VBNK) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BANR and VBNK?
On 3 years of weekly data the BANR/VBNK correlation comes out at 0.44, moderate. Little has changed lately, as the 1-year reading of 0.38 lands near the 3-year figure. The 5-year figure is 0.37, and annualized covariance runs at 518.9 %².
By 3-year correlation, VBNK places #12 of the 18 assets tracked against BANR. The last year tells two different stories: VBNK led by 76.0 percentage points, +7.1% for BANR against +83.1% for VBNK.
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 VBNK: side by side
| BANR (Banner Corporation) | VBNK (VersaBank) | |
|---|---|---|
| 1-year return | +7.1% | +83.1% |
| 5-year return | +46.1% | +102.0% |
| Volatility (ann.) | 28.8% | 40.6% |
| Beta vs S&P 500 | 0.80 | 0.80 |
| Max drawdown (3Y) | -25.4% | -50.5% |
| Market cap | $2.4B | $0.7B |
| P/E (trailing) | 11.6 | 30.1 |
| Dividend yield | 2.84% | 0.50% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BANR | VBNK |
|---|---|---|
| 2022 | +7.2% | -36.2% |
| 2023 | -11.9% | +47.0% |
| 2024 | +29.5% | +27.3% |
| 2025 | -3.2% | +8.8% |
| 2026 | +14.6% | +37.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BANR and VBNK good diversifiers for each other?
Reasonably. At 0.44, BANR and VBNK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BANR and VBNK?
The BANR/VBNK correlation stands at 0.44 on a 3-year window (1 year: 0.38, 5 years: 0.37), computed from weekly returns as of 2026-08-27.
Is VBNK a good diversifier for BANR?
Reasonably. At 0.44, BANR and VBNK 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/banr-vs-vbnk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/banr-vs-vbnk/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BANR correlations · VBNK correlations
