BANR vs WAFD: Correlation
Banner Corporation (BANR) and WaFd, Inc. (WAFD) show a very strong relationship: their 3-year correlation of weekly returns is 0.82.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BANR and WAFD?
Over the past 3 years, BANR and WAFD moved with a correlation of 0.82, which is very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.72 lands near the 3-year figure. Over 5 years the correlation is 0.77, and the annualized covariance of weekly returns is 683.3 %².
Within BANR's tracked universe of 18 assets, WAFD comes in at #7 by 3-year correlation. Over the last 12 months WAFD came out ahead by 9.8 percentage points (+7.1% against +16.9%).
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 WAFD: side by side
| BANR (Banner Corporation) | WAFD (WaFd, Inc.) | |
|---|---|---|
| 1-year return | +7.1% | +16.9% |
| 5-year return | +46.1% | +28.1% |
| Volatility (ann.) | 28.8% | 28.8% |
| Beta vs S&P 500 | 0.80 | 0.70 |
| Max drawdown (3Y) | -25.4% | -34.6% |
| Market cap | $2.4B | $2.7B |
| P/E (trailing) | 11.6 | 11.4 |
| Dividend yield | 2.84% | 2.95% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BANR | WAFD |
|---|---|---|
| 2022 | +7.2% | +3.4% |
| 2023 | -11.9% | +1.7% |
| 2024 | +29.5% | +1.1% |
| 2025 | -3.2% | +3.0% |
| 2026 | +14.6% | +15.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BANR and WAFD good diversifiers for each other?
Not really. At 0.82, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between BANR and WAFD?
The BANR/WAFD correlation stands at 0.82 on a 3-year window (1 year: 0.72, 5 years: 0.77), computed from weekly returns as of 2026-08-27.
Is WAFD a good diversifier for BANR?
Not really. At 0.82, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.82 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/banr-vs-wafd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/banr-vs-wafd/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BANR correlations · WAFD correlations
