BHB vs GSBC: Correlation
Bar Harbor Bankshares, Inc. (BHB) and Great Southern Bancorp, Inc. (GSBC) show a very strong relationship: their 3-year correlation of weekly returns is 0.85.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BHB and GSBC?
On 3 years of weekly data the BHB/GSBC correlation comes out at 0.85, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.80 lands near the 3-year figure. The 5-year figure is 0.77, and annualized covariance runs at 598.7 %².
In BHB's tracked universe of 21 assets, GSBC sits right near the top at #3. Twelve-month performance is nearly a tie, at +26.2% for BHB and +26.7% for GSBC.
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.
BHB vs GSBC: side by side
| BHB (Bar Harbor Bankshares, Inc.) | GSBC (Great Southern Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +26.2% | +26.7% |
| 5-year return | +75.3% | +68.1% |
| Volatility (ann.) | 28.3% | 24.8% |
| Beta vs S&P 500 | 0.67 | 0.62 |
| Max drawdown (3Y) | -27.1% | -23.4% |
| Market cap | $0.7B | $0.9B |
| P/E (trailing) | 13.3 | 13.1 |
| Dividend yield | 3.31% | 2.19% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BHB | GSBC |
|---|---|---|
| 2022 | +14.8% | +3.1% |
| 2023 | -4.5% | +2.8% |
| 2024 | +8.6% | +3.5% |
| 2025 | +5.7% | +6.0% |
| 2026 | +29.9% | +29.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BHB and GSBC good diversifiers for each other?
No. With a correlation of 0.85, BHB and GSBC move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between BHB and GSBC?
The BHB/GSBC correlation stands at 0.85 on a 3-year window (1 year: 0.80, 5 years: 0.77), computed from weekly returns as of 2026-08-27.
Is GSBC a good diversifier for BHB?
No. With a correlation of 0.85, BHB and GSBC move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.85 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: BHB correlations · GSBC correlations
