CBSH vs WRLD: Correlation
Measured on weekly returns over the past three years, Commerce Bancshares, Inc. (CBSH) and World Acceptance Corporation (WRLD) carry a correlation of 0.56, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CBSH and WRLD?
On 3 years of weekly data the CBSH/WRLD correlation comes out at 0.56, moderate. The link has loosened recently: the 1-year correlation (0.30) runs below the 3-year figure (0.56). The 5-year figure is 0.43, and annualized covariance runs at 534.5 %².
Among the 13 assets we track against CBSH, WRLD ranks #8 by 3-year correlation. Over the last 12 months WRLD came out ahead by 11.3 percentage points (-1.0% against +10.3%). One caveat on sizing: WRLD is 1.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CBSH vs WRLD: side by side
| CBSH (Commerce Bancshares, Inc.) | WRLD (World Acceptance Corporation) | |
|---|---|---|
| 1-year return | -1.0% | +10.3% |
| 5-year return | +10.0% | +0.7% |
| Volatility (ann.) | 22.8% | 42.1% |
| Beta vs S&P 500 | 0.64 | 1.17 |
| Max drawdown (3Y) | -27.6% | -37.3% |
| Market cap | $8.3B | $0.9B |
| P/E (trailing) | 14.3 | 24.1 |
| Dividend yield | 1.84% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CBSH | WRLD |
|---|---|---|
| 2022 | +0.5% | -73.1% |
| 2023 | -15.9% | +98.0% |
| 2024 | +24.7% | -13.9% |
| 2025 | -10.2% | +24.9% |
| 2026 | +12.1% | +35.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBSH and WRLD good diversifiers for each other?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CBSH and WRLD?
The CBSH/WRLD correlation stands at 0.56 on a 3-year window (1 year: 0.30, 5 years: 0.43), computed from weekly returns as of 2026-08-27.
Is WRLD a good diversifier for CBSH?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.56 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/cbsh-vs-wrld.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cbsh-vs-wrld/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CBSH correlations · WRLD correlations
