GTES vs RCBC: Correlation
How closely do Gates Industrial Corporation Ltd. (GTES) and River City Bank (RCBC) trade together? Their weekly returns over three years give a correlation of 0.36, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GTES and RCBC?
Over the past 3 years, GTES and RCBC moved with a correlation of 0.36, which is moderate. The past 12 months show a weaker link (0.25) than the 3-year average (0.36). Over 5 years the correlation is 0.21, and the annualized covariance of weekly returns is 272.4 %².
Among the 22 assets we track against GTES, RCBC sits near the bottom by co-movement, at rank #19. Their recent paths diverged sharply: over the last 12 months RCBC outperformed by 34.8 percentage points (+1.5% for GTES against +36.3% for RCBC). Risk is not evenly split, since GTES carries 1.6 times the volatility of the other side.
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.
GTES vs RCBC: side by side
| GTES (Gates Industrial Corporation Ltd.) | RCBC (River City Bank) | |
|---|---|---|
| 1-year return | +1.5% | +36.3% |
| 5-year return | +56.6% | +90.8% |
| Volatility (ann.) | 35.0% | 21.4% |
| Beta vs S&P 500 | 1.27 | 0.25 |
| Max drawdown (3Y) | -33.8% | -13.4% |
| Market cap | $6.7B | $0.7B |
| P/E (trailing) | 18.8 | 10.6 |
| Dividend yield | 0.00% | 0.38% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GTES | RCBC |
|---|---|---|
| 2022 | -28.3% | -11.3% |
| 2023 | +17.6% | -5.5% |
| 2024 | +53.3% | +38.4% |
| 2025 | +4.4% | +42.2% |
| 2026 | +22.9% | +13.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GTES and RCBC good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GTES and RCBC?
As of 2026-08-27, the correlation of weekly returns between GTES and RCBC is 0.36 over 3 years, 0.25 over 1 year and 0.21 over 5 years.
Is RCBC a good diversifier for GTES?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.36 mean?
On the −1 to +1 scale, 0.36 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/gtes-vs-rcbc.json
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Related comparisons
Hubs: GTES correlations · RCBC correlations
