RBCAA vs VLGEA: Correlation
How closely do Republic Bancorp, Inc. (RBCAA) and Village Super Market, Inc. (VLGEA) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RBCAA and VLGEA?
Across a 3-year window, the weekly returns of RBCAA and VLGEA correlate at 0.50, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.38 versus 0.50 over 3 years. Stretching to 5 years gives 0.47, with an annualized covariance of 388.6 %².
Within RBCAA's tracked universe of 31 assets, VLGEA comes in at #23 by 3-year correlation. Their 12-month results are close: +25.1% for RBCAA against +23.1% for VLGEA.
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.
RBCAA vs VLGEA: side by side
| RBCAA (Republic Bancorp, Inc.) | VLGEA (Village Super Market, Inc.) | |
|---|---|---|
| 1-year return | +25.1% | +23.1% |
| 5-year return | +117.3% | +137.7% |
| Volatility (ann.) | 28.1% | 27.9% |
| Beta vs S&P 500 | 0.68 | 0.32 |
| Max drawdown (3Y) | -21.6% | -21.1% |
| Market cap | $1.8B | $0.6B |
| P/E (trailing) | 14.4 | 11.9 |
| Dividend yield | 2.01% | 2.29% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RBCAA | VLGEA |
|---|---|---|
| 2022 | -16.9% | +4.1% |
| 2023 | +39.4% | +17.7% |
| 2024 | +30.3% | +26.0% |
| 2025 | +1.3% | +14.9% |
| 2026 | +38.0% | +24.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RBCAA and VLGEA good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between RBCAA and VLGEA?
The RBCAA/VLGEA correlation stands at 0.50 on a 3-year window (1 year: 0.38, 5 years: 0.47), computed from weekly returns as of 2026-08-27.
Is VLGEA a good diversifier for RBCAA?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 mean?
On the −1 to +1 scale, 0.50 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: RBCAA correlations · VLGEA correlations
