CHCO vs GSBC: Correlation
City Holding Company (CHCO) and Great Southern Bancorp, Inc. (GSBC) show a very strong relationship: their 3-year correlation of weekly returns is 0.86.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHCO and GSBC?
Over the past 3 years, CHCO and GSBC moved with a correlation of 0.86, which is very strong, meaning they move nearly in lockstep. The link has loosened recently: the 1-year correlation (0.75) runs below the 3-year figure (0.86). Over 5 years the correlation is 0.78, and the annualized covariance of weekly returns is 443.1 %².
In CHCO's tracked universe of 16 assets, GSBC sits right near the top at #1. The trailing year gives GSBC the advantage: +13.3% versus +26.7%, a 13.4-point spread.
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.
CHCO vs GSBC: side by side
| CHCO (City Holding Company) | GSBC (Great Southern Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +13.3% | +26.7% |
| 5-year return | +113.1% | +68.1% |
| Volatility (ann.) | 20.7% | 24.8% |
| Beta vs S&P 500 | 0.45 | 0.62 |
| Max drawdown (3Y) | -18.4% | -23.4% |
| Market cap | $2.0B | $0.9B |
| P/E (trailing) | 15.7 | 13.1 |
| Dividend yield | 2.41% | 2.19% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CHCO | GSBC |
|---|---|---|
| 2022 | +17.3% | +3.1% |
| 2023 | +22.0% | +2.8% |
| 2024 | +10.4% | +3.5% |
| 2025 | +3.4% | +6.0% |
| 2026 | +22.6% | +29.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHCO and GSBC good diversifiers for each other?
No: a correlation of 0.86 means CHCO and GSBC tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between CHCO and GSBC?
Using weekly returns as of 2026-08-27: 0.86 over 3 years, with 0.75 over the last year and 0.78 over 5 years.
Is GSBC a good diversifier for CHCO?
No: a correlation of 0.86 means CHCO and GSBC tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.86 mean?
On the −1 to +1 scale, 0.86 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
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Related comparisons
Hubs: CHCO correlations · GSBC correlations
