PBHC vs WTW: Correlation
Pathfinder Bancorp, Inc. (PBHC) and Willis Towers Watson (WTW) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PBHC and WTW?
Across a 3-year window, the weekly returns of PBHC and WTW correlate at -0.22, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.19) sits close to the 3-year figure. Stretching to 5 years gives -0.15, with an annualized covariance of -142.4 %².
Out of 14 assets tracked against PBHC, WTW lands near the bottom at #12. Over the last 12 months PBHC came out ahead by 8.2 percentage points (+12.4% against +4.2%).
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.
PBHC vs WTW: side by side
| PBHC (Pathfinder Bancorp, Inc.) | WTW (Willis Towers Watson) | |
|---|---|---|
| 1-year return | +12.4% | +4.2% |
| 5-year return | +13.4% | +68.3% |
| Volatility (ann.) | 27.4% | 23.5% |
| Beta vs S&P 500 | -0.02 | 0.32 |
| Max drawdown (3Y) | -33.6% | -30.4% |
| Market cap | $0.1B | $31.5B |
| P/E (trailing) | 1632.0 | 21.2 |
| Dividend yield | 2.42% | 0.55% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | PBHC | WTW |
|---|---|---|
| 2022 | +13.5% | +4.5% |
| 2023 | -25.1% | +0.1% |
| 2024 | +28.5% | +31.5% |
| 2025 | -17.3% | +6.1% |
| 2026 | +18.1% | +4.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PBHC and WTW good diversifiers for each other?
Yes. With a correlation of -0.22, PBHC and WTW have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PBHC and WTW?
As of 2026-08-27, the correlation of weekly returns between PBHC and WTW is -0.22 over 3 years, -0.19 over 1 year and -0.15 over 5 years.
Is WTW a good diversifier for PBHC?
Yes. With a correlation of -0.22, PBHC and WTW have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 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/pbhc-vs-wtw.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pbhc-vs-wtw/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PBHC correlations · WTW correlations
