GHRS vs TBBK: Correlation
How closely do GH Research PLC (GHRS) and The Bancorp, Inc. (TBBK) trade together? Their weekly returns over three years give a correlation of 0.35, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GHRS and TBBK?
On 3 years of weekly data the GHRS/TBBK correlation comes out at 0.35, moderate. The relationship has been stable: the 1-year correlation (0.35) sits close to the 3-year figure. The 5-year figure is 0.20, and annualized covariance runs at 1007.4 %².
Among the 10 assets we track against GHRS, TBBK ranks #5 by 3-year correlation. The last year tells two different stories: GHRS led by 123.8 percentage points, +110.2% for GHRS against -13.6% for TBBK. Note the risk asymmetry: GHRS runs 1.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
GHRS vs TBBK: side by side
| GHRS (GH Research PLC) | TBBK (The Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +110.2% | -13.6% |
| 5-year return | +34.4% | +172.1% |
| Volatility (ann.) | 70.0% | 41.2% |
| Beta vs S&P 500 | 1.07 | 1.08 |
| Max drawdown (3Y) | -57.5% | -36.3% |
| Market cap | $2.0B | $2.7B |
| P/E (trailing) | – | 12.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GHRS | TBBK |
|---|---|---|
| 2022 | -58.3% | +12.1% |
| 2023 | -40.3% | +35.9% |
| 2024 | +20.7% | +36.5% |
| 2025 | +81.4% | +28.3% |
| 2026 | +125.6% | -1.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GHRS and TBBK good diversifiers for each other?
Reasonably. At 0.35, GHRS and TBBK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GHRS and TBBK?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with 0.35 over the last year and 0.20 over 5 years.
Is TBBK a good diversifier for GHRS?
Reasonably. At 0.35, GHRS and TBBK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 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
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Related comparisons
Hubs: GHRS correlations · TBBK correlations
