FMBH vs GSBC: Correlation
First Mid Bancshares, Inc. (FMBH) and Great Southern Bancorp, Inc. (GSBC) show a very strong relationship: their 3-year correlation of weekly returns is 0.86.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FMBH and GSBC?
Over the past 3 years, FMBH and GSBC moved with a correlation of 0.86, which is very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.85) sits close to the 3-year figure. Over 5 years the correlation is 0.79, and the annualized covariance of weekly returns is 556.5 %².
By 3-year correlation, GSBC places #12 of the 56 assets tracked against FMBH. Twelve-month performance is nearly a tie, at +26.9% for FMBH and +26.7% for GSBC.
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.
FMBH vs GSBC: side by side
| FMBH (First Mid Bancshares, Inc.) | GSBC (Great Southern Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +26.9% | +26.7% |
| 5-year return | +40.9% | +68.1% |
| Volatility (ann.) | 26.0% | 24.8% |
| Beta vs S&P 500 | 0.76 | 0.62 |
| Max drawdown (3Y) | -27.5% | -23.4% |
| Market cap | $1.3B | $0.9B |
| P/E (trailing) | 12.5 | 13.1 |
| Dividend yield | 1.99% | 2.19% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FMBH | GSBC |
|---|---|---|
| 2022 | -23.2% | +3.1% |
| 2023 | +11.6% | +2.8% |
| 2024 | +9.1% | +3.5% |
| 2025 | +8.7% | +6.0% |
| 2026 | +31.1% | +29.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FMBH and GSBC good diversifiers for each other?
No: a correlation of 0.86 means FMBH and GSBC tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between FMBH and GSBC?
The FMBH/GSBC correlation stands at 0.86 on a 3-year window (1 year: 0.85, 5 years: 0.79), computed from weekly returns as of 2026-08-27.
Is GSBC a good diversifier for FMBH?
No: a correlation of 0.86 means FMBH and GSBC tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.86 mean?
A reading of 0.86 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: FMBH correlations · GSBC correlations
