BRBS vs NKSH: Correlation
Measured on weekly returns over the past three years, Blue Ridge Bankshares, Inc. (BRBS) and National Bankshares, Inc. (NKSH) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRBS and NKSH?
Over the past 3 years, BRBS and NKSH moved with a correlation of 0.37, which is moderate. The relationship has been stable: the 1-year correlation (0.38) sits close to the 3-year figure. Over 5 years the correlation is 0.36, and the annualized covariance of weekly returns is 602.5 %².
In BRBS's tracked universe of 11 assets, NKSH sits right near the top at #3. The last year tells two different stories: NKSH led by 15.7 percentage points, +20.9% for BRBS against +36.6% for NKSH.
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.
BRBS vs NKSH: side by side
| BRBS (Blue Ridge Bankshares, Inc.) | NKSH (National Bankshares, Inc.) | |
|---|---|---|
| 1-year return | +20.9% | +36.6% |
| 5-year return | -70.4% | +44.9% |
| Volatility (ann.) | 47.8% | 33.9% |
| Beta vs S&P 500 | 0.73 | 0.73 |
| Max drawdown (3Y) | -74.3% | -31.0% |
| Market cap | $0.3B | $0.3B |
| P/E (trailing) | 43.3 | 12.8 |
| Dividend yield | 0.00% | 3.75% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BRBS | NKSH |
|---|---|---|
| 2022 | -27.9% | +17.2% |
| 2023 | -75.2% | -13.1% |
| 2024 | +6.3% | -6.8% |
| 2025 | +40.1% | +23.3% |
| 2026 | +6.6% | +24.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRBS and NKSH good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BRBS and NKSH?
As of 2026-08-27, the correlation of weekly returns between BRBS and NKSH is 0.37 over 3 years, 0.38 over 1 year and 0.36 over 5 years.
Is NKSH a good diversifier for BRBS?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 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/brbs-vs-nksh.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/brbs-vs-nksh/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BRBS correlations · NKSH correlations
