RMBI vs SRBK: Correlation
How closely do Richmond Mutual Bancorporation, Inc. (RMBI) and SR Bancorp, Inc. (SRBK) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RMBI and SRBK?
On 3 years of weekly data the RMBI/SRBK correlation comes out at 0.46, moderate. Recent behaviour matches the longer record: 0.53 over 1 year against 0.46 over 3. The 5-year figure is n/a, and annualized covariance runs at 204.1 %².
In RMBI's tracked universe of 12 assets, SRBK sits right near the top at #3. The last year tells two different stories: SRBK led by 15.7 percentage points, +14.6% for RMBI against +30.3% for SRBK.
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.
RMBI vs SRBK: side by side
| RMBI (Richmond Mutual Bancorporation, Inc.) | SRBK (SR Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +14.6% | +30.3% |
| 5-year return | +24.6% | n/a |
| Volatility (ann.) | 25.3% | 17.4% |
| Beta vs S&P 500 | 0.34 | 0.36 |
| Max drawdown (3Y) | -20.8% | -13.5% |
| Market cap | $0.3B | $0.1B |
| P/E (trailing) | 13.1 | 44.3 |
| Dividend yield | 3.78% | 1.08% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RMBI | SRBK |
|---|---|---|
| 2022 | -16.7% | – |
| 2023 | -7.2% | – |
| 2024 | +28.6% | +24.6% |
| 2025 | +3.7% | +34.1% |
| 2026 | +16.0% | +24.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RMBI and SRBK good diversifiers for each other?
Reasonably. At 0.46, RMBI and SRBK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between RMBI and SRBK?
The RMBI/SRBK correlation stands at 0.46 on a 3-year window (1 year: 0.53, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SRBK a good diversifier for RMBI?
Reasonably. At 0.46, RMBI and SRBK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 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/rmbi-vs-srbk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rmbi-vs-srbk/)
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Related comparisons
Hubs: RMBI correlations · SRBK correlations
