GBFH vs MKTX: Correlation
GBank Financial Holdings Inc. (GBFH) and MarketAxess Holdings, Inc. (MKTX) show a negative relationship: their 3-year correlation of weekly returns is -0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GBFH and MKTX?
Over the past 3 years, GBFH and MKTX moved with a correlation of -0.29, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.45) than the 3-year average (-0.29). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -548.6 %².
By 3-year correlation, MKTX places #13 of the 18 assets tracked against GBFH. Their recent paths diverged sharply: over the last 12 months MKTX outperformed by 38.8 percentage points (-50.5% for GBFH against -11.7% for MKTX).
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.
GBFH vs MKTX: side by side
| GBFH (GBank Financial Holdings Inc.) | MKTX (MarketAxess Holdings, Inc.) | |
|---|---|---|
| 1-year return | -50.5% | -11.7% |
| 5-year return | n/a | -63.7% |
| Volatility (ann.) | 49.3% | 37.8% |
| Beta vs S&P 500 | 1.11 | 0.21 |
| Max drawdown (3Y) | -53.8% | -61.8% |
| Market cap | $0.3B | $5.7B |
| P/E (trailing) | 15.9 | 19.2 |
| Dividend yield | 0.00% | 1.90% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GBFH | MKTX |
|---|---|---|
| 2022 | – | -31.5% |
| 2023 | – | +6.1% |
| 2024 | – | -21.8% |
| 2025 | -21.2% | -18.5% |
| 2026 | -40.0% | -9.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GBFH and MKTX good diversifiers for each other?
Yes. With a correlation of -0.29, GBFH and MKTX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GBFH and MKTX?
As of 2026-08-27, the correlation of weekly returns between GBFH and MKTX is -0.29 over 3 years, -0.45 over 1 year and n/a over 5 years.
Is MKTX a good diversifier for GBFH?
Yes. With a correlation of -0.29, GBFH and MKTX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.29 mean?
A reading of -0.29 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gbfh-vs-mktx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gbfh-vs-mktx/)
Free with attribution; caching and terms are described in the API documentation.
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Hubs: GBFH correlations · MKTX correlations
