SHBI vs WSBC: Correlation
Measured on weekly returns over the past three years, Shore Bancshares, Inc. (SHBI) and WesBanco, Inc. (WSBC) carry a correlation of 0.87, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SHBI and WSBC?
On 3 years of weekly data the SHBI/WSBC correlation comes out at 0.87, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.83) sits close to the 3-year figure. The 5-year figure is 0.78, and annualized covariance runs at 806.0 %².
By 3-year correlation, WSBC places #6 of the 35 assets tracked against SHBI. On 12-month performance SHBI holds a 9.1-point edge, +37.7% against +28.6%.
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.
SHBI vs WSBC: side by side
| SHBI (Shore Bancshares, Inc.) | WSBC (WesBanco, Inc.) | |
|---|---|---|
| 1-year return | +37.7% | +28.6% |
| 5-year return | +51.7% | +48.2% |
| Volatility (ann.) | 32.6% | 28.3% |
| Beta vs S&P 500 | 0.89 | 0.77 |
| Max drawdown (3Y) | -31.9% | -26.9% |
| Market cap | $0.8B | $3.9B |
| P/E (trailing) | 11.7 | 11.5 |
| Dividend yield | 2.16% | 3.73% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SHBI | WSBC |
|---|---|---|
| 2022 | -14.4% | +9.9% |
| 2023 | -15.1% | -10.9% |
| 2024 | +15.6% | +8.8% |
| 2025 | +15.0% | +7.0% |
| 2026 | +32.2% | +24.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SHBI and WSBC good diversifiers for each other?
Not really. At 0.87, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between SHBI and WSBC?
Using weekly returns as of 2026-08-27: 0.87 over 3 years, with 0.83 over the last year and 0.78 over 5 years.
Is WSBC a good diversifier for SHBI?
Not really. At 0.87, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.87 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/shbi-vs-wsbc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/shbi-vs-wsbc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SHBI correlations · WSBC correlations
