RRBI vs WHLR: Correlation
Measured on weekly returns over the past three years, Red River Bancshares, Inc. (RRBI) and Wheeler Real Estate Investment Trust, Inc. (WHLR) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RRBI and WHLR?
Across a 3-year window, the weekly returns of RRBI and WHLR correlate at -0.20, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.17 lands near the 3-year figure. Stretching to 5 years gives -0.17, with an annualized covariance of -2638.5 %².
Among the 10 assets we track against RRBI, WHLR sits near the bottom by co-movement, at rank #8. The last year tells two different stories: RRBI led by 154.8 percentage points, +54.8% for RRBI against -100.0% for WHLR. Risk is not evenly split, since WHLR carries 23.0 times the volatility of the other side.
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.
RRBI vs WHLR: side by side
| RRBI (Red River Bancshares, Inc.) | WHLR (Wheeler Real Estate Investment Trust, Inc.) | |
|---|---|---|
| 1-year return | +54.8% | -100.0% |
| 5-year return | +108.4% | -100.0% |
| Volatility (ann.) | 23.7% | 545.0% |
| Beta vs S&P 500 | 0.62 | -5.84 |
| Max drawdown (3Y) | -23.0% | -100.0% |
| Market cap | $0.7B | – |
| P/E (trailing) | 14.5 | 0.0 |
| Dividend yield | 0.79% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RRBI | WHLR |
|---|---|---|
| 2022 | -4.0% | -28.0% |
| 2023 | +10.6% | -98.4% |
| 2024 | -3.1% | -98.4% |
| 2025 | +33.5% | -100.0% |
| 2026 | +42.9% | -99.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RRBI and WHLR good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between RRBI and WHLR?
As of 2026-08-27, the correlation of weekly returns between RRBI and WHLR is -0.20 over 3 years, -0.17 over 1 year and -0.17 over 5 years.
Is WHLR a good diversifier for RRBI?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 mean?
A reading of -0.20 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: RRBI correlations · WHLR correlations
