EQBK vs RGCO: Correlation
Equity Bancshares, Inc. (EQBK) and RGC Resources Inc. (RGCO) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EQBK and RGCO?
Over the past 3 years, EQBK and RGCO moved with a correlation of 0.49, which is moderate. The link has loosened recently: the 1-year correlation (0.25) runs below the 3-year figure (0.49). Over 5 years the correlation is 0.36, and the annualized covariance of weekly returns is 436.5 %².
Among the 15 assets we track against EQBK, RGCO ranks #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with EQBK ahead by 21.8 points (+23.7% versus +1.9%).
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.
EQBK vs RGCO: side by side
| EQBK (Equity Bancshares, Inc.) | RGCO (RGC Resources Inc.) | |
|---|---|---|
| 1-year return | +23.7% | +1.9% |
| 5-year return | +67.0% | +10.2% |
| Volatility (ann.) | 28.8% | 31.0% |
| Beta vs S&P 500 | 0.76 | 0.66 |
| Max drawdown (3Y) | -28.3% | -19.2% |
| Market cap | $1.0B | $0.2B |
| P/E (trailing) | 31.5 | 16.2 |
| Dividend yield | 1.45% | 3.91% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EQBK | RGCO |
|---|---|---|
| 2022 | -2.6% | -0.6% |
| 2023 | +5.5% | -4.1% |
| 2024 | +26.9% | +2.5% |
| 2025 | +6.9% | +10.4% |
| 2026 | +12.2% | +5.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EQBK and RGCO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between EQBK and RGCO?
The EQBK/RGCO correlation stands at 0.49 on a 3-year window (1 year: 0.25, 5 years: 0.36), computed from weekly returns as of 2026-08-27.
Is RGCO a good diversifier for EQBK?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 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
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Related comparisons
Hubs: EQBK correlations · RGCO correlations
