EWBC vs WTFC: Correlation
East West Bancorp, Inc. (EWBC) and Wintrust Financial Corporation (WTFC) show a very strong relationship: their 3-year correlation of weekly returns is 0.88.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EWBC and WTFC?
Across a 3-year window, the weekly returns of EWBC and WTFC correlate at 0.88, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.86 lands near the 3-year figure. Stretching to 5 years gives 0.84, with an annualized covariance of 731.4 %².
Few assets follow EWBC as closely as WTFC, which ranks #3 of 13 tracked partners. On 12-month performance EWBC holds a 12.3-point edge, +25.0% against +12.7%.
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.
EWBC vs WTFC: side by side
| EWBC (East West Bancorp, Inc.) | WTFC (Wintrust Financial Corporation) | |
|---|---|---|
| 1-year return | +25.0% | +12.7% |
| 5-year return | +103.5% | +127.7% |
| Volatility (ann.) | 30.2% | 27.6% |
| Beta vs S&P 500 | 1.03 | 1.06 |
| Max drawdown (3Y) | -35.8% | -31.0% |
| Market cap | $17.8B | $10.3B |
| P/E (trailing) | 12.5 | 12.3 |
| Dividend yield | 2.15% | 1.37% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EWBC | WTFC |
|---|---|---|
| 2022 | -14.4% | -5.5% |
| 2023 | +12.8% | +12.0% |
| 2024 | +36.8% | +36.8% |
| 2025 | +20.3% | +13.9% |
| 2026 | +17.6% | +10.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EWBC and WTFC good diversifiers for each other?
Not really. At 0.88, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between EWBC and WTFC?
As of 2026-08-27, the correlation of weekly returns between EWBC and WTFC is 0.88 over 3 years, 0.86 over 1 year and 0.84 over 5 years.
Is WTFC a good diversifier for EWBC?
Not really. At 0.88, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.88 mean?
On the −1 to +1 scale, 0.88 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/ewbc-vs-wtfc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ewbc-vs-wtfc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EWBC correlations · WTFC correlations
