CHCO vs WMK: Correlation
How closely do City Holding Company (CHCO) and Weis Markets, Inc. (WMK) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHCO and WMK?
Over the past 3 years, CHCO and WMK moved with a correlation of 0.51, which is moderate. Little has changed lately, as the 1-year reading of 0.61 lands near the 3-year figure. Over 5 years the correlation is 0.43, and the annualized covariance of weekly returns is 277.2 %².
Among the 16 assets we track against CHCO, WMK ranks #11 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CHCO outperformed by 16.2 percentage points (+13.3% for CHCO against -2.9% for WMK).
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 WMK: side by side
| CHCO (City Holding Company) | WMK (Weis Markets, Inc.) | |
|---|---|---|
| 1-year return | +13.3% | -2.9% |
| 5-year return | +113.1% | +36.2% |
| Volatility (ann.) | 20.7% | 26.2% |
| Beta vs S&P 500 | 0.45 | 0.07 |
| Max drawdown (3Y) | -18.4% | -29.4% |
| Market cap | $2.0B | – |
| P/E (trailing) | 15.7 | 17.6 |
| Dividend yield | 2.41% | 1.92% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CHCO | WMK |
|---|---|---|
| 2022 | +17.3% | +27.1% |
| 2023 | +22.0% | -20.8% |
| 2024 | +10.4% | +8.0% |
| 2025 | +3.4% | -3.6% |
| 2026 | +22.6% | +11.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHCO and WMK good diversifiers for each other?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CHCO and WMK?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.61 over the last year and 0.43 over 5 years.
Is WMK a good diversifier for CHCO?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.51 mean?
On the −1 to +1 scale, 0.51 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/chco-vs-wmk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/chco-vs-wmk/)
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Related comparisons
Hubs: CHCO correlations · WMK correlations
