PCB vs WLFC: Correlation
PCB Bancorp (PCB) and Willis Lease Finance Corporation (WLFC) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PCB and WLFC?
Over the past 3 years, PCB and WLFC moved with a correlation of 0.42, which is moderate. Recent behaviour matches the longer record: 0.48 over 1 year against 0.42 over 3. Over 5 years the correlation is 0.33, and the annualized covariance of weekly returns is 677.2 %².
By 3-year correlation, WLFC places #14 of the 20 assets tracked against PCB. The last year tells two different stories: PCB led by 92.4 percentage points, +29.1% for PCB against -63.3% for WLFC. Risk is not evenly split, since WLFC carries 2.3 times the volatility of the other side.
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.
PCB vs WLFC: side by side
| PCB (PCB Bancorp) | WLFC (Willis Lease Finance Corporation) | |
|---|---|---|
| 1-year return | +29.1% | -63.3% |
| 5-year return | +74.8% | +47.2% |
| Volatility (ann.) | 26.3% | 61.3% |
| Beta vs S&P 500 | 0.69 | 1.30 |
| Max drawdown (3Y) | -22.8% | -77.4% |
| Market cap | $0.4B | $1.2B |
| P/E (trailing) | 9.5 | 13.8 |
| Dividend yield | 3.04% | 0.88% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PCB | WLFC |
|---|---|---|
| 2022 | -17.0% | +56.7% |
| 2023 | +8.9% | -17.2% |
| 2024 | +14.6% | +327.3% |
| 2025 | +11.2% | -34.5% |
| 2026 | +30.5% | -59.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PCB and WLFC good diversifiers for each other?
Reasonably. At 0.42, PCB and WLFC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between PCB and WLFC?
The PCB/WLFC correlation stands at 0.42 on a 3-year window (1 year: 0.48, 5 years: 0.33), computed from weekly returns as of 2026-08-27.
Is WLFC a good diversifier for PCB?
Reasonably. At 0.42, PCB and WLFC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 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/pcb-vs-wlfc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/pcb-vs-wlfc/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PCB correlations · WLFC correlations
