NWBI vs TBBK: Correlation
Northwest Bancshares, Inc. (NWBI) and The Bancorp, Inc. (TBBK) 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 NWBI and TBBK?
Over the past 3 years, NWBI and TBBK moved with a correlation of 0.71, which is strong. The relationship has been stable: the 1-year correlation (0.65) sits close to the 3-year figure. Over 5 years the correlation is 0.67, and the annualized covariance of weekly returns is 730.2 %².
By 3-year correlation, TBBK places #29 of the 37 assets tracked against NWBI. The last year tells two different stories: NWBI led by 41.3 percentage points, +27.7% for NWBI against -13.6% for TBBK. Risk is not evenly split, since TBBK carries 1.7 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.
NWBI vs TBBK: side by side
| NWBI (Northwest Bancshares, Inc.) | TBBK (The Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +27.7% | -13.6% |
| 5-year return | +62.0% | +172.1% |
| Volatility (ann.) | 24.9% | 41.2% |
| Beta vs S&P 500 | 0.60 | 1.08 |
| Max drawdown (3Y) | -26.6% | -36.3% |
| Market cap | $2.2B | $2.7B |
| P/E (trailing) | 14.9 | 12.5 |
| Dividend yield | 5.22% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NWBI | TBBK |
|---|---|---|
| 2022 | +4.6% | +12.1% |
| 2023 | -4.4% | +35.9% |
| 2024 | +12.7% | +36.5% |
| 2025 | -2.9% | +28.3% |
| 2026 | +33.2% | -1.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NWBI and TBBK 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 NWBI and TBBK?
The NWBI/TBBK correlation stands at 0.71 on a 3-year window (1 year: 0.65, 5 years: 0.67), computed from weekly returns as of 2026-08-27.
Is TBBK a good diversifier for NWBI?
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?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/nwbi-vs-tbbk.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nwbi-vs-tbbk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NWBI correlations · TBBK correlations
