PNC vs VBNK: Correlation
How closely do PNC Financial Services (PNC) and VersaBank (VBNK) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PNC and VBNK?
Over the past 3 years, PNC and VBNK moved with a correlation of 0.45, which is moderate. The relationship has been stable: the 1-year correlation (0.45) sits close to the 3-year figure. Over 5 years the correlation is 0.36, and the annualized covariance of weekly returns is 464.2 %².
Among the 47 assets we track against PNC, VBNK ranks #36 by 3-year correlation. Correlation aside, the last 12 months split them widely, with VBNK ahead by 61.0 points (+22.1% versus +83.1%). Note the risk asymmetry: VBNK runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
PNC vs VBNK: side by side
| PNC (PNC Financial Services) | VBNK (VersaBank) | |
|---|---|---|
| 1-year return | +22.1% | +83.1% |
| 5-year return | +53.5% | +102.0% |
| Volatility (ann.) | 25.6% | 40.6% |
| Beta vs S&P 500 | 0.92 | 0.80 |
| Max drawdown (3Y) | -29.8% | -50.5% |
| Market cap | $97.1B | $0.7B |
| P/E (trailing) | 13.5 | 30.1 |
| Dividend yield | 2.78% | 0.50% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | PNC | VBNK |
|---|---|---|
| 2022 | -18.6% | -36.2% |
| 2023 | +2.7% | +47.0% |
| 2024 | +29.4% | +27.3% |
| 2025 | +12.2% | +8.8% |
| 2026 | +19.4% | +37.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PNC and VBNK good diversifiers for each other?
Reasonably. At 0.45, PNC and VBNK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between PNC and VBNK?
The PNC/VBNK correlation stands at 0.45 on a 3-year window (1 year: 0.45, 5 years: 0.36), computed from weekly returns as of 2026-08-27.
Is VBNK a good diversifier for PNC?
Reasonably. At 0.45, PNC and VBNK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 mean?
A reading of 0.45 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/pnc-vs-vbnk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pnc-vs-vbnk/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PNC correlations · VBNK correlations
