EQBK vs PRK: Correlation
How closely do Equity Bancshares, Inc. (EQBK) and Park National Corporation (PRK) trade together? Their weekly returns over three years give a correlation of 0.81, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EQBK and PRK?
Over the past 3 years, EQBK and PRK moved with a correlation of 0.81, which is very strong, meaning they move nearly in lockstep. The link has loosened recently: the 1-year correlation (0.70) runs below the 3-year figure (0.81). Over 5 years the correlation is 0.72, and the annualized covariance of weekly returns is 659.3 %².
Within EQBK's tracked universe of 15 assets, PRK comes in at #5 by 3-year correlation. The trailing year gives EQBK the advantage: +23.7% versus +17.2%, a 6.5-point spread.
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.
EQBK vs PRK: side by side
| EQBK (Equity Bancshares, Inc.) | PRK (Park National Corporation) | |
|---|---|---|
| 1-year return | +23.7% | +17.2% |
| 5-year return | +67.0% | +98.6% |
| Volatility (ann.) | 28.8% | 28.2% |
| Beta vs S&P 500 | 0.76 | 0.78 |
| Max drawdown (3Y) | -28.3% | -30.4% |
| Market cap | $1.0B | $3.6B |
| P/E (trailing) | 31.5 | 17.7 |
| Dividend yield | 1.45% | 2.18% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EQBK | PRK |
|---|---|---|
| 2022 | -2.6% | +6.1% |
| 2023 | +5.5% | -2.0% |
| 2024 | +26.9% | +33.0% |
| 2025 | +6.9% | -8.1% |
| 2026 | +12.2% | +32.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EQBK and PRK good diversifiers for each other?
No: a correlation of 0.81 means EQBK and PRK tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between EQBK and PRK?
Using weekly returns as of 2026-08-27: 0.81 over 3 years, with 0.70 over the last year and 0.72 over 5 years.
Is PRK a good diversifier for EQBK?
No: a correlation of 0.81 means EQBK and PRK tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.81 mean?
On the −1 to +1 scale, 0.81 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/eqbk-vs-prk.json
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The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EQBK correlations · PRK correlations
