GABC vs SRCE: Correlation
Measured on weekly returns over the past three years, German American Bancorp, Inc. (GABC) and 1st Source Corporation (SRCE) carry a correlation of 0.85, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GABC and SRCE?
On 3 years of weekly data the GABC/SRCE correlation comes out at 0.85, 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. The 5-year figure is 0.79, and annualized covariance runs at 545.7 %².
By 3-year correlation, SRCE places #6 of the 15 assets tracked against GABC. The last year tells two different stories: SRCE led by 15.5 percentage points, +21.5% for GABC against +37.0% for SRCE.
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 SRCE: side by side
| GABC (German American Bancorp, Inc.) | SRCE (1st Source Corporation) | |
|---|---|---|
| 1-year return | +21.5% | +37.0% |
| 5-year return | +55.3% | +110.2% |
| Volatility (ann.) | 25.1% | 25.5% |
| Beta vs S&P 500 | 0.62 | 0.61 |
| Max drawdown (3Y) | -25.3% | -21.2% |
| Market cap | $1.9B | $2.1B |
| P/E (trailing) | 13.0 | 12.4 |
| Dividend yield | 2.46% | 0.93% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GABC | SRCE |
|---|---|---|
| 2022 | -2.0% | +9.8% |
| 2023 | -10.2% | +6.5% |
| 2024 | +27.9% | +9.0% |
| 2025 | +0.3% | +9.8% |
| 2026 | +29.1% | +40.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GABC and SRCE good diversifiers for each other?
Not really. At 0.85, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between GABC and SRCE?
As of 2026-08-27, the correlation of weekly returns between GABC and SRCE is 0.85 over 3 years, 0.86 over 1 year and 0.79 over 5 years.
Is SRCE a good diversifier for GABC?
Not really. At 0.85, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.85 mean?
On the −1 to +1 scale, 0.85 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/gabc-vs-srce.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gabc-vs-srce/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GABC correlations · SRCE correlations
