LOCL vs RCBC: Correlation
How closely do Local Bounti Corporation (LOCL) and River City Bank (RCBC) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LOCL and RCBC?
On 3 years of weekly data the LOCL/RCBC correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.12 versus -0.23 over 3 years. The 5-year figure is -0.14, and annualized covariance runs at -710.9 %².
Among the 34 assets we track against LOCL, RCBC ranks #23 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months RCBC outperformed by 95.1 percentage points (-58.8% for LOCL against +36.3% for RCBC). One caveat on sizing: LOCL is 6.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
LOCL vs RCBC: side by side
| LOCL (Local Bounti Corporation) | RCBC (River City Bank) | |
|---|---|---|
| 1-year return | -58.8% | +36.3% |
| 5-year return | -99.2% | +90.8% |
| Volatility (ann.) | 142.7% | 21.4% |
| Beta vs S&P 500 | -0.49 | 0.25 |
| Max drawdown (3Y) | -79.4% | -13.4% |
| Market cap | – | $0.7B |
| P/E (trailing) | – | 10.6 |
| Dividend yield | 0.00% | 0.38% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LOCL | RCBC |
|---|---|---|
| 2022 | -78.4% | -11.3% |
| 2023 | -88.5% | -5.5% |
| 2024 | +0.0% | +38.4% |
| 2025 | +3.4% | +42.2% |
| 2026 | -53.8% | +13.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LOCL and RCBC good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LOCL and RCBC?
As of 2026-08-27, the correlation of weekly returns between LOCL and RCBC is -0.23 over 3 years, -0.12 over 1 year and -0.14 over 5 years.
Is RCBC a good diversifier for LOCL?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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
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Related comparisons
Hubs: LOCL correlations · RCBC correlations
