PBFS vs WTBA: Correlation
Pioneer Bancorp, Inc. (PBFS) and West Bancorporation (WTBA) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PBFS and WTBA?
Across a 3-year window, the weekly returns of PBFS and WTBA correlate at 0.52, moderate. The relationship has been stable: the 1-year correlation (0.50) sits close to the 3-year figure. Stretching to 5 years gives 0.46, with an annualized covariance of 348.8 %².
WTBA is one of the assets that tracks PBFS most closely: it ranks #3 out of the 10 assets we track against PBFS. On 12-month performance WTBA holds a 9.6-point edge, +38.3% against +47.9%.
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.
PBFS vs WTBA: side by side
| PBFS (Pioneer Bancorp, Inc.) | WTBA (West Bancorporation) | |
|---|---|---|
| 1-year return | +38.3% | +47.9% |
| 5-year return | +44.7% | +16.8% |
| Volatility (ann.) | 22.2% | 30.5% |
| Beta vs S&P 500 | 0.37 | 0.75 |
| Max drawdown (3Y) | -19.3% | -26.9% |
| Market cap | $0.4B | $0.5B |
| P/E (trailing) | 25.3 | 12.6 |
| Dividend yield | 0.00% | 3.53% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PBFS | WTBA |
|---|---|---|
| 2022 | +0.7% | -14.4% |
| 2023 | -12.2% | -12.4% |
| 2024 | +15.1% | +7.7% |
| 2025 | +17.0% | +7.7% |
| 2026 | +31.5% | +31.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PBFS and WTBA good diversifiers for each other?
Only partially. A correlation of 0.52 means PBFS and WTBA 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 PBFS and WTBA?
The PBFS/WTBA correlation stands at 0.52 on a 3-year window (1 year: 0.50, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is WTBA a good diversifier for PBFS?
Only partially. A correlation of 0.52 means PBFS and WTBA share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.52 mean?
On the −1 to +1 scale, 0.52 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.
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Related comparisons
Hubs: PBFS correlations · WTBA correlations
