GCBC vs RBCAA: Correlation
How closely do Greene County Bancorp, Inc. (GCBC) and Republic Bancorp, Inc. (RBCAA) trade together? Their weekly returns over three years give a correlation of 0.65, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GCBC and RBCAA?
Across a 3-year window, the weekly returns of GCBC and RBCAA correlate at 0.65, strong. Recent behaviour matches the longer record: 0.61 over 1 year against 0.65 over 3. Stretching to 5 years gives 0.49, with an annualized covariance of 737.9 %².
By 3-year correlation, RBCAA places #5 of the 10 assets tracked against GCBC. Their recent paths diverged sharply: over the last 12 months GCBC outperformed by 22.0 percentage points (+47.1% for GCBC against +25.1% for RBCAA).
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.
GCBC vs RBCAA: side by side
| GCBC (Greene County Bancorp, Inc.) | RBCAA (Republic Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +47.1% | +25.1% |
| 5-year return | +139.6% | +117.3% |
| Volatility (ann.) | 40.5% | 28.1% |
| Beta vs S&P 500 | 0.75 | 0.68 |
| Max drawdown (3Y) | -42.9% | -21.6% |
| Market cap | $0.6B | $1.8B |
| P/E (trailing) | 14.4 | 14.4 |
| Dividend yield | 1.15% | 2.01% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GCBC | RBCAA |
|---|---|---|
| 2022 | +57.9% | -16.9% |
| 2023 | -0.6% | +39.4% |
| 2024 | -0.6% | +30.3% |
| 2025 | -18.5% | +1.3% |
| 2026 | +57.6% | +38.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GCBC and RBCAA good diversifiers for each other?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between GCBC and RBCAA?
As of 2026-08-27, the correlation of weekly returns between GCBC and RBCAA is 0.65 over 3 years, 0.61 over 1 year and 0.49 over 5 years.
Is RBCAA a good diversifier for GCBC?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.65 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/gcbc-vs-rbcaa.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gcbc-vs-rbcaa/)
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Related comparisons
Hubs: GCBC correlations · RBCAA correlations
