IGIC vs NBBK: Correlation
International General Insurance Holdings Ltd. (IGIC) and NB Bancorp, Inc. (NBBK) show a moderate relationship: their 3-year correlation of weekly returns is 0.50.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IGIC and NBBK?
Across a 3-year window, the weekly returns of IGIC and NBBK correlate at 0.50, moderate. Little has changed lately, as the 1-year reading of 0.47 lands near the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of 385.5 %².
NBBK is one of the assets that tracks IGIC most closely: it ranks #1 out of the 12 assets we track against IGIC. Twelve-month performance is nearly a tie, at +15.8% for IGIC and +19.3% for NBBK.
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.
IGIC vs NBBK: side by side
| IGIC (International General Insurance Holdings Ltd.) | NBBK (NB Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +15.8% | +19.3% |
| 5-year return | +246.3% | n/a |
| Volatility (ann.) | 28.5% | 27.6% |
| Beta vs S&P 500 | 0.53 | 0.84 |
| Max drawdown (3Y) | -18.2% | -24.7% |
| Market cap | $1.1B | $1.0B |
| P/E (trailing) | 10.7 | 14.7 |
| Dividend yield | 1.31% | 4.39% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IGIC | NBBK |
|---|---|---|
| 2022 | +1.6% | – |
| 2023 | +61.7% | – |
| 2024 | +92.4% | +34.3% |
| 2025 | +13.8% | +10.6% |
| 2026 | +12.7% | +13.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IGIC and NBBK good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between IGIC and NBBK?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.47 over the last year and n/a over 5 years.
Is NBBK a good diversifier for IGIC?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 mean?
A reading of 0.50 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/igic-vs-nbbk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/igic-vs-nbbk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: IGIC correlations · NBBK correlations
