GSBC vs MSBI: Correlation
Measured on weekly returns over the past three years, Great Southern Bancorp, Inc. (GSBC) and Midland States Bancorp, Inc. (MSBI) carry a correlation of 0.73, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GSBC and MSBI?
Across a 3-year window, the weekly returns of GSBC and MSBI correlate at 0.73, strong. Little has changed lately, as the 1-year reading of 0.67 lands near the 3-year figure. Stretching to 5 years gives 0.73, with an annualized covariance of 619.6 %².
By 3-year correlation, MSBI places #16 of the 26 assets tracked against GSBC. The last year tells two different stories: MSBI led by 60.4 percentage points, +26.7% for GSBC against +87.1% for MSBI.
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.
GSBC vs MSBI: side by side
| GSBC (Great Southern Bancorp, Inc.) | MSBI (Midland States Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +26.7% | +87.1% |
| 5-year return | +68.1% | +70.9% |
| Volatility (ann.) | 24.8% | 34.4% |
| Beta vs S&P 500 | 0.62 | 0.70 |
| Max drawdown (3Y) | -23.4% | -44.3% |
| Market cap | $0.9B | $0.7B |
| P/E (trailing) | 13.1 | 20.9 |
| Dividend yield | 2.19% | 3.90% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GSBC | MSBI |
|---|---|---|
| 2022 | +3.1% | +12.0% |
| 2023 | +2.8% | +9.1% |
| 2024 | +3.5% | -6.7% |
| 2025 | +6.0% | -6.9% |
| 2026 | +29.2% | +60.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GSBC and MSBI good diversifiers for each other?
Somewhat, no more. With 0.73 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between GSBC and MSBI?
Using weekly returns as of 2026-08-27: 0.73 over 3 years, with 0.67 over the last year and 0.73 over 5 years.
Is MSBI a good diversifier for GSBC?
Somewhat, no more. With 0.73 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.73 mean?
On the −1 to +1 scale, 0.73 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/gsbc-vs-msbi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gsbc-vs-msbi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GSBC correlations · MSBI correlations
