PB vs TOWN: Correlation
Prosperity Bancshares, Inc. (PB) and Towne Bank (TOWN) show a very strong relationship: their 3-year correlation of weekly returns is 0.83.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PB and TOWN?
On 3 years of weekly data the PB/TOWN correlation comes out at 0.83, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.73 lands near the 3-year figure. The 5-year figure is 0.79, and annualized covariance runs at 496.0 %².
Within PB's tracked universe of 10 assets, TOWN comes in at #5 by 3-year correlation. Neither side won the trailing year by much: +8.1% against +6.7%.
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.
PB vs TOWN: side by side
| PB (Prosperity Bancshares, Inc.) | TOWN (Towne Bank) | |
|---|---|---|
| 1-year return | +8.1% | +6.7% |
| 5-year return | +23.1% | +47.6% |
| Volatility (ann.) | 23.7% | 25.0% |
| Beta vs S&P 500 | 0.61 | 0.77 |
| Max drawdown (3Y) | -24.8% | -18.4% |
| Market cap | $8.7B | $3.5B |
| P/E (trailing) | 12.7 | 18.0 |
| Dividend yield | 3.26% | 2.90% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PB | TOWN |
|---|---|---|
| 2022 | +3.6% | +0.7% |
| 2023 | -3.3% | +0.3% |
| 2024 | +15.1% | +18.3% |
| 2025 | -5.1% | +1.0% |
| 2026 | +7.0% | +16.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PB and TOWN good diversifiers for each other?
Not really. At 0.83, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between PB and TOWN?
The PB/TOWN correlation stands at 0.83 on a 3-year window (1 year: 0.73, 5 years: 0.79), computed from weekly returns as of 2026-08-27.
Is TOWN a good diversifier for PB?
Not really. At 0.83, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.83 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.
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Related comparisons
Hubs: PB correlations · TOWN correlations
