PBAM vs PBHC: Correlation
How closely do Private Bancorp of America, Inc. (PBAM) and Pathfinder Bancorp, Inc. (PBHC) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PBAM and PBHC?
On 3 years of weekly data the PBAM/PBHC correlation comes out at 0.39, moderate. The past 12 months show a weaker link (0.07) than the 3-year average (0.39). The 5-year figure is 0.30, and annualized covariance runs at 202.0 %².
Within PBAM's tracked universe of 11 assets, PBHC comes in at #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PBAM ahead by 41.2 points (+53.6% versus +12.4%).
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.
PBAM vs PBHC: side by side
| PBAM (Private Bancorp of America, Inc.) | PBHC (Pathfinder Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +53.6% | +12.4% |
| 5-year return | +253.3% | +13.4% |
| Volatility (ann.) | 19.0% | 27.4% |
| Beta vs S&P 500 | 0.13 | -0.02 |
| Max drawdown (3Y) | -14.8% | -33.6% |
| Market cap | $0.5B | $0.1B |
| P/E (trailing) | 11.5 | 1632.0 |
| Dividend yield | 0.00% | 2.42% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PBAM | PBHC |
|---|---|---|
| 2022 | +20.2% | +13.5% |
| 2023 | +8.1% | -25.1% |
| 2024 | +65.0% | +28.5% |
| 2025 | -0.4% | -17.3% |
| 2026 | +53.5% | +18.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PBAM and PBHC good diversifiers for each other?
Reasonably. At 0.39, PBAM and PBHC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between PBAM and PBHC?
As of 2026-08-27, the correlation of weekly returns between PBAM and PBHC is 0.39 over 3 years, 0.07 over 1 year and 0.30 over 5 years.
Is PBHC a good diversifier for PBAM?
Reasonably. At 0.39, PBAM and PBHC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 mean?
On the −1 to +1 scale, 0.39 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/pbam-vs-pbhc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pbam-vs-pbhc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PBAM correlations · PBHC correlations
