RRBI vs WTBA: Correlation
How closely do Red River Bancshares, Inc. (RRBI) and West Bancorporation (WTBA) trade together? Their weekly returns over three years give a correlation of 0.75, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RRBI and WTBA?
Over the past 3 years, RRBI and WTBA moved with a correlation of 0.75, which is strong. Little has changed lately, as the 1-year reading of 0.74 lands near the 3-year figure. Over 5 years the correlation is 0.59, and the annualized covariance of weekly returns is 541.3 %².
In RRBI's tracked universe of 10 assets, WTBA sits right near the top at #3. Over the last 12 months RRBI came out ahead by 6.9 percentage points (+54.8% against +47.9%).
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 WTBA: side by side
| RRBI (Red River Bancshares, Inc.) | WTBA (West Bancorporation) | |
|---|---|---|
| 1-year return | +54.8% | +47.9% |
| 5-year return | +108.4% | +16.8% |
| Volatility (ann.) | 23.7% | 30.5% |
| Beta vs S&P 500 | 0.62 | 0.75 |
| Max drawdown (3Y) | -23.0% | -26.9% |
| Market cap | $0.7B | $0.5B |
| P/E (trailing) | 14.5 | 12.6 |
| Dividend yield | 0.79% | 3.53% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RRBI | WTBA |
|---|---|---|
| 2022 | -4.0% | -14.4% |
| 2023 | +10.6% | -12.4% |
| 2024 | -3.1% | +7.7% |
| 2025 | +33.5% | +7.7% |
| 2026 | +42.9% | +31.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RRBI and WTBA good diversifiers for each other?
Somewhat, no more. With 0.75 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between RRBI and WTBA?
Using weekly returns as of 2026-08-27: 0.75 over 3 years, with 0.74 over the last year and 0.59 over 5 years.
Is WTBA a good diversifier for RRBI?
Somewhat, no more. With 0.75 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.75 mean?
A reading of 0.75 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
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Related comparisons
Hubs: RRBI correlations · WTBA correlations
