CATY vs GBCI: Correlation
How closely do Cathay General Bancorp (CATY) and Glacier Bancorp, Inc. (GBCI) trade together? Their weekly returns over three years give a correlation of 0.86, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CATY and GBCI?
Over the past 3 years, CATY and GBCI moved with a correlation of 0.86, which is very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.81) sits close to the 3-year figure. Over 5 years the correlation is 0.82, and the annualized covariance of weekly returns is 749.3 %².
By 3-year correlation, GBCI places #10 of the 28 assets tracked against CATY. The last year tells two different stories: CATY led by 26.6 percentage points, +26.7% for CATY against +0.1% for GBCI.
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.
CATY vs GBCI: side by side
| CATY (Cathay General Bancorp) | GBCI (Glacier Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +26.7% | +0.1% |
| 5-year return | +83.2% | +4.0% |
| Volatility (ann.) | 26.8% | 32.6% |
| Beta vs S&P 500 | 0.82 | 0.87 |
| Max drawdown (3Y) | -29.7% | -34.8% |
| Market cap | $4.1B | $6.2B |
| P/E (trailing) | 12.1 | 19.4 |
| Dividend yield | 2.39% | 2.80% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CATY | GBCI |
|---|---|---|
| 2022 | -2.1% | -10.4% |
| 2023 | +13.5% | -13.0% |
| 2024 | +10.3% | +25.4% |
| 2025 | +4.6% | -9.6% |
| 2026 | +30.2% | +8.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CATY and GBCI good diversifiers for each other?
No: a correlation of 0.86 means CATY and GBCI tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between CATY and GBCI?
The CATY/GBCI correlation stands at 0.86 on a 3-year window (1 year: 0.81, 5 years: 0.82), computed from weekly returns as of 2026-08-27.
Is GBCI a good diversifier for CATY?
No: a correlation of 0.86 means CATY and GBCI tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.86 mean?
A reading of 0.86 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: CATY correlations · GBCI correlations
