RBKB vs SCHW: Correlation
Rhinebeck Bancorp, Inc. (RBKB) and Charles Schwab Corporation (SCHW) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RBKB and SCHW?
Over the past 3 years, RBKB and SCHW moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.45 versus -0.21 over 3 years. Over 5 years the correlation is -0.01, and the annualized covariance of weekly returns is -172.3 %².
Within RBKB's tracked universe of 13 assets, SCHW comes in at #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months RBKB outperformed by 18.5 percentage points (+31.5% for RBKB against +13.0% for SCHW).
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.
RBKB vs SCHW: side by side
| RBKB (Rhinebeck Bancorp, Inc.) | SCHW (Charles Schwab Corporation) | |
|---|---|---|
| 1-year return | +31.5% | +13.0% |
| 5-year return | +64.9% | +57.3% |
| Volatility (ann.) | 29.5% | 27.8% |
| Beta vs S&P 500 | 0.08 | 0.93 |
| Max drawdown (3Y) | -30.0% | -21.4% |
| Market cap | $0.2B | $186.9B |
| P/E (trailing) | 14.0 | 19.9 |
| Dividend yield | 0.00% | 1.08% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | RBKB | SCHW |
|---|---|---|
| 2022 | -14.5% | +0.1% |
| 2023 | -11.6% | -16.0% |
| 2024 | +20.1% | +9.2% |
| 2025 | +24.3% | +36.6% |
| 2026 | +46.8% | +9.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RBKB and SCHW good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between RBKB and SCHW?
As of 2026-08-27, the correlation of weekly returns between RBKB and SCHW is -0.21 over 3 years, -0.45 over 1 year and -0.01 over 5 years.
Is SCHW a good diversifier for RBKB?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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/rbkb-vs-schw.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/rbkb-vs-schw/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: RBKB correlations · SCHW correlations
