BWA vs RBKB: Correlation
BorgWarner Inc. (BWA) and Rhinebeck Bancorp, Inc. (RBKB) show a moderate relationship: their 3-year correlation of weekly returns is 0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BWA and RBKB?
Over the past 3 years, BWA and RBKB moved with a correlation of 0.32, which is moderate. The link has tightened recently: the 1-year correlation (0.43) runs above the 3-year figure (0.32). Over 5 years the correlation is 0.27, and the annualized covariance of weekly returns is 276.8 %².
Among the 16 assets we track against BWA, RBKB ranks #7 by 3-year correlation. The last year tells two different stories: BWA led by 19.4 percentage points, +50.9% for BWA against +31.5% for RBKB.
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.
BWA vs RBKB: side by side
| BWA (BorgWarner Inc.) | RBKB (Rhinebeck Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +50.9% | +31.5% |
| 5-year return | +84.0% | +64.9% |
| Volatility (ann.) | 29.6% | 29.5% |
| Beta vs S&P 500 | 0.54 | 0.08 |
| Max drawdown (3Y) | -38.7% | -30.0% |
| Market cap | $13.2B | $0.2B |
| P/E (trailing) | 31.9 | 14.0 |
| Dividend yield | 1.05% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BWA | RBKB |
|---|---|---|
| 2022 | -9.2% | -14.5% |
| 2023 | +2.5% | -11.6% |
| 2024 | -10.2% | +20.1% |
| 2025 | +43.9% | +24.3% |
| 2026 | +44.6% | +46.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BWA and RBKB good diversifiers for each other?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BWA and RBKB?
The BWA/RBKB correlation stands at 0.32 on a 3-year window (1 year: 0.43, 5 years: 0.27), computed from weekly returns as of 2026-08-27.
Is RBKB a good diversifier for BWA?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.32 mean?
On the −1 to +1 scale, 0.32 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/bwa-vs-rbkb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bwa-vs-rbkb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BWA correlations · RBKB correlations
