OBT vs RBCAA: Correlation
How closely do Orange County Bancorp, Inc. (OBT) and Republic Bancorp, Inc. (RBCAA) trade together? Their weekly returns over three years give a correlation of 0.73, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OBT and RBCAA?
Across a 3-year window, the weekly returns of OBT and RBCAA correlate at 0.73, strong. Lately the two have drifted apart, with the 1-year correlation at 0.52 versus 0.73 over 3 years. Stretching to 5 years gives 0.55, with an annualized covariance of 783.3 %².
Among the 11 assets we track against OBT, RBCAA ranks #5 by 3-year correlation. The last year tells two different stories: OBT led by 20.6 percentage points, +45.7% for OBT against +25.1% for RBCAA.
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.
OBT vs RBCAA: side by side
| OBT (Orange County Bancorp, Inc.) | RBCAA (Republic Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +45.7% | +25.1% |
| 5-year return | +143.9% | +117.3% |
| Volatility (ann.) | 38.3% | 28.1% |
| Beta vs S&P 500 | 0.83 | 0.68 |
| Max drawdown (3Y) | -32.5% | -21.6% |
| Market cap | $0.5B | $1.8B |
| P/E (trailing) | 10.6 | 14.4 |
| Dividend yield | 1.77% | 2.01% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OBT | RBCAA |
|---|---|---|
| 2022 | +18.3% | -16.9% |
| 2023 | +32.1% | +39.4% |
| 2024 | -6.1% | +30.3% |
| 2025 | +5.0% | +1.3% |
| 2026 | +34.4% | +38.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OBT and RBCAA good diversifiers for each other?
Only partially. A correlation of 0.73 means OBT and RBCAA share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between OBT and RBCAA?
As of 2026-08-27, the correlation of weekly returns between OBT and RBCAA is 0.73 over 3 years, 0.52 over 1 year and 0.55 over 5 years.
Is RBCAA a good diversifier for OBT?
Only partially. A correlation of 0.73 means OBT and RBCAA share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.73 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/obt-vs-rbcaa.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/obt-vs-rbcaa/)
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Related comparisons
Hubs: OBT correlations · RBCAA correlations
