BWB vs WHG: Correlation
Bridgewater Bancshares, Inc. (BWB) and Westwood Holdings Group Inc (WHG) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BWB and WHG?
On 3 years of weekly data the BWB/WHG correlation comes out at 0.42, moderate. The relationship has been stable: the 1-year correlation (0.35) sits close to the 3-year figure. The 5-year figure is 0.37, and annualized covariance runs at 425.1 %².
Out of 13 assets tracked against BWB, WHG lands near the bottom at #9. Correlation aside, the last 12 months split them widely, with BWB ahead by 15.2 points (+29.6% versus +14.4%).
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.
BWB vs WHG: side by side
| BWB (Bridgewater Bancshares, Inc.) | WHG (Westwood Holdings Group Inc) | |
|---|---|---|
| 1-year return | +29.6% | +14.4% |
| 5-year return | +31.0% | +12.6% |
| Volatility (ann.) | 30.6% | 33.1% |
| Beta vs S&P 500 | 1.00 | 0.61 |
| Max drawdown (3Y) | -22.2% | -21.2% |
| Market cap | $0.6B | $0.2B |
| P/E (trailing) | 11.5 | 22.8 |
| Dividend yield | 0.00% | 3.02% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BWB | WHG |
|---|---|---|
| 2022 | +0.3% | -31.4% |
| 2023 | -23.8% | +19.0% |
| 2024 | -0.1% | +20.9% |
| 2025 | +29.8% | +23.1% |
| 2026 | +21.6% | +17.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BWB and WHG good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BWB and WHG?
As of 2026-08-27, the correlation of weekly returns between BWB and WHG is 0.42 over 3 years, 0.35 over 1 year and 0.37 over 5 years.
Is WHG a good diversifier for BWB?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 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/bwb-vs-whg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bwb-vs-whg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BWB correlations · WHG correlations
