GBFH vs PACK: Correlation
Measured on weekly returns over the past three years, GBank Financial Holdings Inc. (GBFH) and Ranpak Holdings Corp (PACK) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GBFH and PACK?
Across a 3-year window, the weekly returns of GBFH and PACK correlate at 0.48, moderate. Recent behaviour matches the longer record: 0.53 over 1 year against 0.48 over 3. Stretching to 5 years gives n/a, with an annualized covariance of 1561.5 %².
By 3-year correlation, PACK places #5 of the 18 assets tracked against GBFH. The last year tells two different stories: PACK led by 43.6 percentage points, -50.5% for GBFH against -6.9% for PACK. One caveat on sizing: PACK is 1.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 PACK: side by side
| GBFH (GBank Financial Holdings Inc.) | PACK (Ranpak Holdings Corp) | |
|---|---|---|
| 1-year return | -50.5% | -6.9% |
| 5-year return | n/a | -83.7% |
| Volatility (ann.) | 49.3% | 75.3% |
| Beta vs S&P 500 | 1.11 | 1.81 |
| Max drawdown (3Y) | -53.8% | -64.5% |
| Market cap | $0.3B | $0.4B |
| P/E (trailing) | 15.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GBFH | PACK |
|---|---|---|
| 2022 | – | -84.6% |
| 2023 | – | +0.9% |
| 2024 | – | +18.2% |
| 2025 | -21.2% | -21.4% |
| 2026 | -40.0% | -7.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GBFH and PACK good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GBFH and PACK?
Using weekly returns as of 2026-08-27: 0.48 over 3 years, with 0.53 over the last year and n/a over 5 years.
Is PACK a good diversifier for GBFH?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 mean?
A reading of 0.48 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-pack.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gbfh-vs-pack/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GBFH correlations · PACK correlations
