PEBO vs RRBI: Correlation
Peoples Bancorp Inc. (PEBO) and Red River Bancshares, Inc. (RRBI) show a strong relationship: their 3-year correlation of weekly returns is 0.77.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PEBO and RRBI?
On 3 years of weekly data the PEBO/RRBI correlation comes out at 0.77, strong. Recent behaviour matches the longer record: 0.71 over 1 year against 0.77 over 3. The 5-year figure is 0.61, and annualized covariance runs at 458.8 %².
By 3-year correlation, RRBI places #19 of the 26 assets tracked against PEBO. Correlation aside, the last 12 months split them widely, with RRBI ahead by 21.2 points (+33.6% versus +54.8%).
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.
PEBO vs RRBI: side by side
| PEBO (Peoples Bancorp Inc.) | RRBI (Red River Bancshares, Inc.) | |
|---|---|---|
| 1-year return | +33.6% | +54.8% |
| 5-year return | +66.3% | +108.4% |
| Volatility (ann.) | 25.1% | 23.7% |
| Beta vs S&P 500 | 0.69 | 0.62 |
| Max drawdown (3Y) | -24.5% | -23.0% |
| Market cap | $1.4B | $0.7B |
| P/E (trailing) | 12.0 | 14.5 |
| Dividend yield | 4.18% | 0.79% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PEBO | RRBI |
|---|---|---|
| 2022 | -6.6% | -4.0% |
| 2023 | +26.5% | +10.6% |
| 2024 | -1.0% | -3.1% |
| 2025 | +0.1% | +33.5% |
| 2026 | +36.7% | +42.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PEBO and RRBI good diversifiers for each other?
Somewhat, no more. With 0.77 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between PEBO and RRBI?
As of 2026-08-27, the correlation of weekly returns between PEBO and RRBI is 0.77 over 3 years, 0.71 over 1 year and 0.61 over 5 years.
Is RRBI a good diversifier for PEBO?
Somewhat, no more. With 0.77 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.77 mean?
On the −1 to +1 scale, 0.77 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/pebo-vs-rrbi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pebo-vs-rrbi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PEBO correlations · RRBI correlations
