CIVB vs WTBA: Correlation
How closely do Civista Bancshares, Inc. (CIVB) and West Bancorporation (WTBA) trade together? Their weekly returns over three years give a correlation of 0.77, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CIVB and WTBA?
Over the past 3 years, CIVB and WTBA moved with a correlation of 0.77, which is strong. Recent behaviour matches the longer record: 0.76 over 1 year against 0.77 over 3. Over 5 years the correlation is 0.69, and the annualized covariance of weekly returns is 763.1 %².
Among the 11 assets we track against CIVB, WTBA ranks #5 by 3-year correlation. On 12-month performance WTBA holds a 12.7-point edge, +35.2% against +47.9%.
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.
CIVB vs WTBA: side by side
| CIVB (Civista Bancshares, Inc.) | WTBA (West Bancorporation) | |
|---|---|---|
| 1-year return | +35.2% | +47.9% |
| 5-year return | +39.0% | +16.8% |
| Volatility (ann.) | 32.4% | 30.5% |
| Beta vs S&P 500 | 0.71 | 0.75 |
| Max drawdown (3Y) | -25.2% | -26.9% |
| Market cap | $0.6B | $0.5B |
| P/E (trailing) | 10.2 | 12.6 |
| Dividend yield | 2.56% | 3.53% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CIVB | WTBA |
|---|---|---|
| 2022 | -7.5% | -14.4% |
| 2023 | -13.2% | -12.4% |
| 2024 | +18.7% | +7.7% |
| 2025 | +9.1% | +7.7% |
| 2026 | +26.0% | +31.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CIVB and WTBA good diversifiers for each other?
Somewhat, no more. With 0.77 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CIVB and WTBA?
As of 2026-08-27, the correlation of weekly returns between CIVB and WTBA is 0.77 over 3 years, 0.76 over 1 year and 0.69 over 5 years.
Is WTBA a good diversifier for CIVB?
Somewhat, no more. With 0.77 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.77 mean?
On the −1 to +1 scale, 0.77 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: CIVB correlations · WTBA correlations
