BSRR vs IGIC: Correlation
How closely do Sierra Bancorp (BSRR) and International General Insurance Holdings Ltd. (IGIC) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BSRR and IGIC?
On 3 years of weekly data the BSRR/IGIC correlation comes out at 0.47, moderate. The past 12 months show a weaker link (0.31) than the 3-year average (0.47). The 5-year figure is 0.38, and annualized covariance runs at 426.4 %².
By 3-year correlation, IGIC places #8 of the 14 assets tracked against BSRR. The last year tells two different stories: BSRR led by 16.8 percentage points, +32.6% for BSRR against +15.8% for IGIC.
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.
BSRR vs IGIC: side by side
| BSRR (Sierra Bancorp) | IGIC (International General Insurance Holdings Ltd.) | |
|---|---|---|
| 1-year return | +32.6% | +15.8% |
| 5-year return | +91.2% | +246.3% |
| Volatility (ann.) | 31.7% | 28.5% |
| Beta vs S&P 500 | 0.83 | 0.53 |
| Max drawdown (3Y) | -29.1% | -18.2% |
| Market cap | $0.5B | $1.1B |
| P/E (trailing) | 11.7 | 10.7 |
| Dividend yield | 2.63% | 1.31% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BSRR | IGIC |
|---|---|---|
| 2022 | -18.6% | +1.6% |
| 2023 | +11.5% | +61.7% |
| 2024 | +33.3% | +92.4% |
| 2025 | +17.0% | +13.8% |
| 2026 | +24.4% | +12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BSRR and IGIC good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BSRR and IGIC?
As of 2026-08-27, the correlation of weekly returns between BSRR and IGIC is 0.47 over 3 years, 0.31 over 1 year and 0.38 over 5 years.
Is IGIC a good diversifier for BSRR?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 mean?
A reading of 0.47 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bsrr-vs-igic.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bsrr-vs-igic/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BSRR correlations · IGIC correlations
