GABC vs PRK: Correlation
Measured on weekly returns over the past three years, German American Bancorp, Inc. (GABC) and Park National Corporation (PRK) carry a correlation of 0.86, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GABC and PRK?
Over the past 3 years, GABC and PRK moved with a correlation of 0.86, which is very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.88 over 1 year against 0.86 over 3. Over 5 years the correlation is 0.81, and the annualized covariance of weekly returns is 610.7 %².
In GABC's tracked universe of 15 assets, PRK sits right near the top at #3. Neither side won the trailing year by much: +21.5% against +17.2%.
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.
GABC vs PRK: side by side
| GABC (German American Bancorp, Inc.) | PRK (Park National Corporation) | |
|---|---|---|
| 1-year return | +21.5% | +17.2% |
| 5-year return | +55.3% | +98.6% |
| Volatility (ann.) | 25.1% | 28.2% |
| Beta vs S&P 500 | 0.62 | 0.78 |
| Max drawdown (3Y) | -25.3% | -30.4% |
| Market cap | $1.9B | $3.6B |
| P/E (trailing) | 13.0 | 17.7 |
| Dividend yield | 2.46% | 2.18% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GABC | PRK |
|---|---|---|
| 2022 | -2.0% | +6.1% |
| 2023 | -10.2% | -2.0% |
| 2024 | +27.9% | +33.0% |
| 2025 | +0.3% | -8.1% |
| 2026 | +29.1% | +32.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GABC and PRK good diversifiers for each other?
Not really. At 0.86, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between GABC and PRK?
As of 2026-08-27, the correlation of weekly returns between GABC and PRK is 0.86 over 3 years, 0.88 over 1 year and 0.81 over 5 years.
Is PRK a good diversifier for GABC?
Not really. At 0.86, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.86 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/gabc-vs-prk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gabc-vs-prk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GABC correlations · PRK correlations
