DJCO vs GBCI: Correlation
Daily Journal Corp. (S.C.) (DJCO) and Glacier Bancorp, Inc. (GBCI) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DJCO and GBCI?
Over the past 3 years, DJCO and GBCI moved with a correlation of 0.52, which is moderate. Recent behaviour matches the longer record: 0.45 over 1 year against 0.52 over 3. Over 5 years the correlation is 0.42, and the annualized covariance of weekly returns is 676.1 %².
Within DJCO's tracked universe of 11 assets, GBCI comes in at #4 by 3-year correlation. The last year tells two different stories: DJCO led by 35.0 percentage points, +35.1% for DJCO against +0.1% for GBCI.
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.
DJCO vs GBCI: side by side
| DJCO (Daily Journal Corp. (S.C.)) | GBCI (Glacier Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +35.1% | +0.1% |
| 5-year return | +91.2% | +4.0% |
| Volatility (ann.) | 39.6% | 32.6% |
| Beta vs S&P 500 | 0.79 | 0.87 |
| Max drawdown (3Y) | -38.0% | -34.8% |
| Market cap | $0.9B | $6.2B |
| P/E (trailing) | – | 19.4 |
| Dividend yield | 0.00% | 2.80% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DJCO | GBCI |
|---|---|---|
| 2022 | -29.8% | -10.4% |
| 2023 | +36.1% | -13.0% |
| 2024 | +66.7% | +25.4% |
| 2025 | -14.2% | -9.6% |
| 2026 | +29.5% | +8.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DJCO and GBCI good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DJCO and GBCI?
The DJCO/GBCI correlation stands at 0.52 on a 3-year window (1 year: 0.45, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is GBCI a good diversifier for DJCO?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 mean?
On the −1 to +1 scale, 0.52 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.
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Related comparisons
Hubs: DJCO correlations · GBCI correlations
