GABC vs TSBK: Correlation
German American Bancorp, Inc. (GABC) and Timberland Bancorp, Inc. (TSBK) show a strong relationship: their 3-year correlation of weekly returns is 0.77.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GABC and TSBK?
On 3 years of weekly data the GABC/TSBK correlation comes out at 0.77, strong. Little has changed lately, as the 1-year reading of 0.69 lands near the 3-year figure. The 5-year figure is 0.66, and annualized covariance runs at 492.2 %².
By 3-year correlation, TSBK places #8 of the 15 assets tracked against GABC. Their recent paths diverged sharply: over the last 12 months TSBK outperformed by 21.2 percentage points (+21.5% for GABC against +42.7% for TSBK).
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 TSBK: side by side
| GABC (German American Bancorp, Inc.) | TSBK (Timberland Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +21.5% | +42.7% |
| 5-year return | +55.3% | +87.7% |
| Volatility (ann.) | 25.1% | 25.5% |
| Beta vs S&P 500 | 0.62 | 0.58 |
| Max drawdown (3Y) | -25.3% | -22.9% |
| Market cap | $1.9B | $0.4B |
| P/E (trailing) | 13.0 | 11.6 |
| Dividend yield | 2.46% | 2.43% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GABC | TSBK |
|---|---|---|
| 2022 | -2.0% | +27.5% |
| 2023 | -10.2% | -4.8% |
| 2024 | +27.9% | +0.4% |
| 2025 | +0.3% | +21.3% |
| 2026 | +29.1% | +31.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GABC and TSBK good diversifiers for each other?
Somewhat, no more. With 0.77 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between GABC and TSBK?
As of 2026-08-27, the correlation of weekly returns between GABC and TSBK is 0.77 over 3 years, 0.69 over 1 year and 0.66 over 5 years.
Is TSBK a good diversifier for GABC?
Somewhat, no more. With 0.77 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.77 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-tsbk.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gabc-vs-tsbk/)
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Related comparisons
Hubs: GABC correlations · TSBK correlations
