CUBI vs PEBO: Correlation
Measured on weekly returns over the past three years, Customers Bancorp, Inc (CUBI) and Peoples Bancorp Inc. (PEBO) carry a correlation of 0.77, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CUBI and PEBO?
On 3 years of weekly data the CUBI/PEBO correlation comes out at 0.77, strong. The past 12 months show a weaker link (0.66) than the 3-year average (0.77). The 5-year figure is 0.67, and annualized covariance runs at 816.4 %².
Among the 12 assets we track against CUBI, PEBO ranks #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PEBO ahead by 22.4 points (+11.2% versus +33.6%). One caveat on sizing: CUBI is 1.7 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.
CUBI vs PEBO: side by side
| CUBI (Customers Bancorp, Inc) | PEBO (Peoples Bancorp Inc.) | |
|---|---|---|
| 1-year return | +11.2% | +33.6% |
| 5-year return | +93.6% | +66.3% |
| Volatility (ann.) | 42.3% | 25.1% |
| Beta vs S&P 500 | 1.17 | 0.69 |
| Max drawdown (3Y) | -36.1% | -24.5% |
| Market cap | $2.7B | $1.4B |
| P/E (trailing) | 9.5 | 12.0 |
| Dividend yield | 0.00% | 4.18% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CUBI | PEBO |
|---|---|---|
| 2022 | -56.6% | -6.6% |
| 2023 | +103.3% | +26.5% |
| 2024 | -15.5% | -1.0% |
| 2025 | +50.2% | +0.1% |
| 2026 | +8.1% | +36.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CUBI and PEBO 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 CUBI and PEBO?
As of 2026-08-27, the correlation of weekly returns between CUBI and PEBO is 0.77 over 3 years, 0.66 over 1 year and 0.67 over 5 years.
Is PEBO a good diversifier for CUBI?
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?
A reading of 0.77 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: CUBI correlations · PEBO correlations
