GBFH vs SLGN: Correlation
GBank Financial Holdings Inc. (GBFH) and Silgan Holdings Inc. (SLGN) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GBFH and SLGN?
Across a 3-year window, the weekly returns of GBFH and SLGN correlate at 0.49, moderate. The past 12 months show a tighter link (0.62) than the 3-year average (0.49). Stretching to 5 years gives n/a, with an annualized covariance of 767.8 %².
In GBFH's tracked universe of 18 assets, SLGN sits right near the top at #3. Their recent paths diverged sharply: over the last 12 months SLGN outperformed by 42.6 percentage points (-50.5% for GBFH against -7.9% for SLGN). One caveat on sizing: GBFH is 1.7 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 SLGN: side by side
| GBFH (GBank Financial Holdings Inc.) | SLGN (Silgan Holdings Inc.) | |
|---|---|---|
| 1-year return | -50.5% | -7.9% |
| 5-year return | n/a | +5.9% |
| Volatility (ann.) | 49.3% | 29.4% |
| Beta vs S&P 500 | 1.11 | 0.58 |
| Max drawdown (3Y) | -53.8% | -35.0% |
| Market cap | $0.3B | $4.4B |
| P/E (trailing) | 15.9 | 16.9 |
| Dividend yield | 0.00% | 1.91% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GBFH | SLGN |
|---|---|---|
| 2022 | – | +22.7% |
| 2023 | – | -11.3% |
| 2024 | – | +16.8% |
| 2025 | -21.2% | -21.1% |
| 2026 | -40.0% | +4.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GBFH and SLGN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GBFH and SLGN?
As of 2026-08-27, the correlation of weekly returns between GBFH and SLGN is 0.49 over 3 years, 0.62 over 1 year and n/a over 5 years.
Is SLGN a good diversifier for GBFH?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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/gbfh-vs-slgn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gbfh-vs-slgn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GBFH correlations · SLGN correlations
