NBHC vs PRSU: Correlation
How closely do National Bank Holdings Corporation (NBHC) and Pursuit Attractions and Hospitality, Inc. (PRSU) trade together? Their weekly returns over three years give a correlation of 0.58, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NBHC and PRSU?
Over the past 3 years, NBHC and PRSU moved with a correlation of 0.58, which is moderate. Recent behaviour matches the longer record: 0.56 over 1 year against 0.58 over 3. Over 5 years the correlation is 0.42, and the annualized covariance of weekly returns is 562.2 %².
Among the 18 assets we track against NBHC, PRSU ranks #9 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months PRSU outperformed by 26.1 percentage points (+7.1% for NBHC against +33.2% for PRSU). One caveat on sizing: PRSU is 1.6 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.
NBHC vs PRSU: side by side
| NBHC (National Bank Holdings Corporation) | PRSU (Pursuit Attractions and Hospitality, Inc.) | |
|---|---|---|
| 1-year return | +7.1% | +33.2% |
| 5-year return | +26.8% | +15.6% |
| Volatility (ann.) | 25.0% | 38.8% |
| Beta vs S&P 500 | 0.75 | 1.24 |
| Max drawdown (3Y) | -32.9% | -40.2% |
| Market cap | $1.8B | $1.4B |
| P/E (trailing) | 17.4 | 33.8 |
| Dividend yield | 3.07% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NBHC | PRSU |
|---|---|---|
| 2022 | -2.2% | -43.0% |
| 2023 | -8.8% | +48.4% |
| 2024 | +19.1% | +17.4% |
| 2025 | -8.9% | -20.8% |
| 2026 | +10.1% | +46.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NBHC and PRSU good diversifiers for each other?
To a limited degree. At 0.58 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 NBHC and PRSU?
Using weekly returns as of 2026-08-27: 0.58 over 3 years, with 0.56 over the last year and 0.42 over 5 years.
Is PRSU a good diversifier for NBHC?
To a limited degree. At 0.58 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 0.58 mean?
On the −1 to +1 scale, 0.58 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/nbhc-vs-prsu.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/nbhc-vs-prsu/)
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Related comparisons
Hubs: NBHC correlations · PRSU correlations
