INBK vs ITGR: Correlation
Measured on weekly returns over the past three years, First Internet Bancorp (INBK) and Integer Holdings Corporation (ITGR) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INBK and ITGR?
On 3 years of weekly data the INBK/ITGR correlation comes out at 0.40, moderate. Little has changed lately, as the 1-year reading of 0.46 lands near the 3-year figure. The 5-year figure is 0.37, and annualized covariance runs at 576.1 %².
Among the 11 assets we track against INBK, ITGR ranks #6 by 3-year correlation. The trailing year gives ITGR the advantage: +9.5% versus +15.9%, a 6.4-point spread.
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.
INBK vs ITGR: side by side
| INBK (First Internet Bancorp) | ITGR (Integer Holdings Corporation) | |
|---|---|---|
| 1-year return | +9.5% | +15.9% |
| 5-year return | -3.5% | +28.7% |
| Volatility (ann.) | 43.2% | 33.7% |
| Beta vs S&P 500 | 0.96 | 0.56 |
| Max drawdown (3Y) | -59.0% | -56.1% |
| Market cap | $0.2B | $4.3B |
| P/E (trailing) | – | 34.2 |
| Dividend yield | 0.88% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INBK | ITGR |
|---|---|---|
| 2022 | -48.0% | -20.0% |
| 2023 | +1.0% | +44.7% |
| 2024 | +49.9% | +33.8% |
| 2025 | -41.4% | -40.8% |
| 2026 | +32.2% | +59.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INBK and ITGR good diversifiers for each other?
Reasonably. At 0.40, INBK and ITGR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between INBK and ITGR?
As of 2026-08-27, the correlation of weekly returns between INBK and ITGR is 0.40 over 3 years, 0.46 over 1 year and 0.37 over 5 years.
Is ITGR a good diversifier for INBK?
Reasonably. At 0.40, INBK and ITGR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 mean?
A reading of 0.40 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: INBK correlations · ITGR correlations
