ESCA vs PEBO: Correlation
Escalade, Incorporated (ESCA) and Peoples Bancorp Inc. (PEBO) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ESCA and PEBO?
Over the past 3 years, ESCA and PEBO moved with a correlation of 0.47, which is moderate. The link has loosened recently: the 1-year correlation (0.15) runs below the 3-year figure (0.47). Over 5 years the correlation is 0.39, and the annualized covariance of weekly returns is 429.0 %².
Among the 11 assets we track against ESCA, PEBO ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ESCA outperformed by 28.6 percentage points (+62.2% for ESCA against +33.6% for PEBO).
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.
ESCA vs PEBO: side by side
| ESCA (Escalade, Incorporated) | PEBO (Peoples Bancorp Inc.) | |
|---|---|---|
| 1-year return | +62.2% | +33.6% |
| 5-year return | +6.6% | +66.3% |
| Volatility (ann.) | 36.5% | 25.1% |
| Beta vs S&P 500 | 0.59 | 0.69 |
| Max drawdown (3Y) | -42.7% | -24.5% |
| Market cap | $0.3B | $1.4B |
| P/E (trailing) | 11.9 | 12.0 |
| Dividend yield | 3.03% | 4.18% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ESCA | PEBO |
|---|---|---|
| 2022 | -32.2% | -6.6% |
| 2023 | +104.0% | +26.5% |
| 2024 | -25.9% | -1.0% |
| 2025 | -1.5% | +0.1% |
| 2026 | +52.8% | +36.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ESCA and PEBO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ESCA and PEBO?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.15 over the last year and 0.39 over 5 years.
Is PEBO a good diversifier for ESCA?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 mean?
A reading of 0.47 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: ESCA correlations · PEBO correlations
