FDBC vs WTBA: Correlation
How closely do Fidelity D & D Bancorp, Inc. (FDBC) and West Bancorporation (WTBA) trade together? Their weekly returns over three years give a correlation of 0.70, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FDBC and WTBA?
Over the past 3 years, FDBC and WTBA moved with a correlation of 0.70, which is strong. Little has changed lately, as the 1-year reading of 0.75 lands near the 3-year figure. Over 5 years the correlation is 0.60, and the annualized covariance of weekly returns is 752.7 %².
Among the 14 assets we track against FDBC, WTBA ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months WTBA outperformed by 25.6 percentage points (+22.3% for FDBC against +47.9% for WTBA).
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.
FDBC vs WTBA: side by side
| FDBC (Fidelity D & D Bancorp, Inc.) | WTBA (West Bancorporation) | |
|---|---|---|
| 1-year return | +22.3% | +47.9% |
| 5-year return | +16.8% | +16.8% |
| Volatility (ann.) | 35.2% | 30.5% |
| Beta vs S&P 500 | 0.69 | 0.75 |
| Max drawdown (3Y) | -35.1% | -26.9% |
| Market cap | $0.3B | $0.5B |
| P/E (trailing) | 10.1 | 12.6 |
| Dividend yield | 3.17% | 3.53% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FDBC | WTBA |
|---|---|---|
| 2022 | -17.5% | -14.4% |
| 2023 | +26.9% | -12.4% |
| 2024 | -13.2% | +7.7% |
| 2025 | -7.4% | +7.7% |
| 2026 | +25.7% | +31.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FDBC and WTBA good diversifiers for each other?
Somewhat, no more. With 0.70 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between FDBC and WTBA?
Using weekly returns as of 2026-08-27: 0.70 over 3 years, with 0.75 over the last year and 0.60 over 5 years.
Is WTBA a good diversifier for FDBC?
Somewhat, no more. With 0.70 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.70 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.
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Related comparisons
Hubs: FDBC correlations · WTBA correlations
