FMBH vs RBB: Correlation
First Mid Bancshares, Inc. (FMBH) and RBB Bancorp (RBB) show a very strong relationship: their 3-year correlation of weekly returns is 0.81.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FMBH and RBB?
Across a 3-year window, the weekly returns of FMBH and RBB correlate at 0.81, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.75 over 1 year against 0.81 over 3. Stretching to 5 years gives 0.76, with an annualized covariance of 683.6 %².
By 3-year correlation, RBB places #32 of the 56 assets tracked against FMBH. Twelve-month performance is nearly a tie, at +26.9% for FMBH and +31.8% for RBB.
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 RBB: side by side
| FMBH (First Mid Bancshares, Inc.) | RBB (RBB Bancorp) | |
|---|---|---|
| 1-year return | +26.9% | +31.8% |
| 5-year return | +40.9% | +22.2% |
| Volatility (ann.) | 26.0% | 32.4% |
| Beta vs S&P 500 | 0.76 | 0.96 |
| Max drawdown (3Y) | -27.5% | -39.2% |
| Market cap | $1.3B | $0.4B |
| P/E (trailing) | 12.5 | 10.8 |
| Dividend yield | 1.99% | 2.43% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FMBH | RBB |
|---|---|---|
| 2022 | -23.2% | -18.5% |
| 2023 | +11.6% | -4.4% |
| 2024 | +9.1% | +11.0% |
| 2025 | +8.7% | +4.4% |
| 2026 | +31.1% | +29.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FMBH and RBB good diversifiers for each other?
No: a correlation of 0.81 means FMBH and RBB tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between FMBH and RBB?
The FMBH/RBB correlation stands at 0.81 on a 3-year window (1 year: 0.75, 5 years: 0.76), computed from weekly returns as of 2026-08-27.
Is RBB a good diversifier for FMBH?
No: a correlation of 0.81 means FMBH and RBB tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.81 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
$ curl https://www.pairbook.io/api/v1/pairs/fmbh-vs-rbb.json
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[](https://www.pairbook.io/pair/fmbh-vs-rbb/)
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Related comparisons
Hubs: FMBH correlations · RBB correlations
