OTTR vs SBSI: Correlation
Measured on weekly returns over the past three years, Otter Tail Corporation (OTTR) and Southside Bancshares, Inc. (SBSI) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OTTR and SBSI?
On 3 years of weekly data the OTTR/SBSI correlation comes out at 0.52, moderate. Recent behaviour matches the longer record: 0.43 over 1 year against 0.52 over 3. The 5-year figure is 0.34, and annualized covariance runs at 339.1 %².
Within OTTR's tracked universe of 10 assets, SBSI comes in at #4 by 3-year correlation. Twelve-month performance is nearly a tie, at +10.7% for OTTR and +6.4% for SBSI.
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.
OTTR vs SBSI: side by side
| OTTR (Otter Tail Corporation) | SBSI (Southside Bancshares, Inc.) | |
|---|---|---|
| 1-year return | +10.7% | +6.4% |
| 5-year return | +88.2% | +7.0% |
| Volatility (ann.) | 26.7% | 24.6% |
| Beta vs S&P 500 | 0.57 | 0.59 |
| Max drawdown (3Y) | -27.1% | -27.3% |
| Market cap | $3.8B | $1.0B |
| P/E (trailing) | 19.9 | 12.6 |
| Dividend yield | 2.39% | 4.49% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OTTR | SBSI |
|---|---|---|
| 2022 | -15.6% | -10.8% |
| 2023 | +48.1% | -8.9% |
| 2024 | -11.2% | +6.3% |
| 2025 | +12.3% | +0.5% |
| 2026 | +15.7% | +8.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OTTR and SBSI good diversifiers for each other?
To a limited degree. At 0.52 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 OTTR and SBSI?
As of 2026-08-27, the correlation of weekly returns between OTTR and SBSI is 0.52 over 3 years, 0.43 over 1 year and 0.34 over 5 years.
Is SBSI a good diversifier for OTTR?
To a limited degree. At 0.52 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 0.52 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/ottr-vs-sbsi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ottr-vs-sbsi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: OTTR correlations · SBSI correlations
