INBK vs RBCAA: Correlation
First Internet Bancorp (INBK) and Republic Bancorp, Inc. (RBCAA) show a strong relationship: their 3-year correlation of weekly returns is 0.71.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INBK and RBCAA?
Over the past 3 years, INBK and RBCAA moved with a correlation of 0.71, which is strong. Little has changed lately, as the 1-year reading of 0.74 lands near the 3-year figure. Over 5 years the correlation is 0.53, and the annualized covariance of weekly returns is 854.1 %².
Within INBK's tracked universe of 11 assets, RBCAA comes in at #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months RBCAA outperformed by 15.6 percentage points (+9.5% for INBK against +25.1% for RBCAA). Risk is not evenly split, since INBK carries 1.5 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.
INBK vs RBCAA: side by side
| INBK (First Internet Bancorp) | RBCAA (Republic Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +9.5% | +25.1% |
| 5-year return | -3.5% | +117.3% |
| Volatility (ann.) | 43.2% | 28.1% |
| Beta vs S&P 500 | 0.96 | 0.68 |
| Max drawdown (3Y) | -59.0% | -21.6% |
| Market cap | $0.2B | $1.8B |
| P/E (trailing) | – | 14.4 |
| Dividend yield | 0.88% | 2.01% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INBK | RBCAA |
|---|---|---|
| 2022 | -48.0% | -16.9% |
| 2023 | +1.0% | +39.4% |
| 2024 | +49.9% | +30.3% |
| 2025 | -41.4% | +1.3% |
| 2026 | +32.2% | +38.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INBK and RBCAA good diversifiers for each other?
To a limited degree. At 0.71 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between INBK and RBCAA?
Using weekly returns as of 2026-08-27: 0.71 over 3 years, with 0.74 over the last year and 0.53 over 5 years.
Is RBCAA a good diversifier for INBK?
To a limited degree. At 0.71 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.71 mean?
A reading of 0.71 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/inbk-vs-rbcaa.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/inbk-vs-rbcaa/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: INBK correlations · RBCAA correlations
