EIG vs RBCAA: Correlation
Measured on weekly returns over the past three years, Employers Holdings Inc (EIG) and Republic Bancorp, Inc. (RBCAA) carry a correlation of 0.57, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EIG and RBCAA?
On 3 years of weekly data the EIG/RBCAA correlation comes out at 0.57, moderate. Little has changed lately, as the 1-year reading of 0.57 lands near the 3-year figure. The 5-year figure is 0.55, and annualized covariance runs at 366.1 %².
Among the 19 assets we track against EIG, RBCAA ranks #5 by 3-year correlation. On 12-month performance RBCAA holds a 8.4-point edge, +16.7% against +25.1%.
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.
EIG vs RBCAA: side by side
| EIG (Employers Holdings Inc) | RBCAA (Republic Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +16.7% | +25.1% |
| 5-year return | +43.2% | +117.3% |
| Volatility (ann.) | 22.8% | 28.1% |
| Beta vs S&P 500 | 0.32 | 0.68 |
| Max drawdown (3Y) | -31.3% | -21.6% |
| Market cap | $0.9B | $1.8B |
| P/E (trailing) | 62.1 | 14.4 |
| Dividend yield | 2.64% | 2.01% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EIG | RBCAA |
|---|---|---|
| 2022 | +12.6% | -16.9% |
| 2023 | -6.1% | +39.4% |
| 2024 | +33.4% | +30.3% |
| 2025 | -13.3% | +1.3% |
| 2026 | +16.2% | +38.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EIG and RBCAA good diversifiers for each other?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between EIG and RBCAA?
The EIG/RBCAA correlation stands at 0.57 on a 3-year window (1 year: 0.57, 5 years: 0.55), computed from weekly returns as of 2026-08-27.
Is RBCAA a good diversifier for EIG?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.57 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/eig-vs-rbcaa.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/eig-vs-rbcaa/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EIG correlations · RBCAA correlations
