GBX vs TCBX: Correlation
Greenbrier Companies, Inc. (The) (GBX) and Third Coast Bancshares, Inc. (TCBX) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GBX and TCBX?
Across a 3-year window, the weekly returns of GBX and TCBX correlate at 0.56, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.36 versus 0.56 over 3 years. Stretching to 5 years gives 0.39, with an annualized covariance of 641.7 %².
Few assets follow GBX as closely as TCBX, which ranks #2 of 11 tracked partners. On 12-month performance TCBX holds a 12.3-point edge, +0.5% against +12.8%.
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.
GBX vs TCBX: side by side
| GBX (Greenbrier Companies, Inc. (The)) | TCBX (Third Coast Bancshares, Inc.) | |
|---|---|---|
| 1-year return | +0.5% | +12.8% |
| 5-year return | +19.2% | +80.3% |
| Volatility (ann.) | 36.2% | 31.7% |
| Beta vs S&P 500 | 0.71 | 0.88 |
| Max drawdown (3Y) | -43.7% | -28.9% |
| Market cap | $1.4B | $0.8B |
| P/E (trailing) | 13.6 | 11.0 |
| Dividend yield | 2.81% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GBX | TCBX |
|---|---|---|
| 2022 | -24.8% | -29.1% |
| 2023 | +36.3% | +7.8% |
| 2024 | +41.3% | +70.9% |
| 2025 | -21.3% | +12.0% |
| 2026 | +0.7% | +18.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GBX and TCBX good diversifiers for each other?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between GBX and TCBX?
As of 2026-08-27, the correlation of weekly returns between GBX and TCBX is 0.56 over 3 years, 0.36 over 1 year and 0.39 over 5 years.
Is TCBX a good diversifier for GBX?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.56 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.
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Related comparisons
Hubs: GBX correlations · TCBX correlations
