STBA vs WAFD: Correlation
Measured on weekly returns over the past three years, S&T Bancorp, Inc. (STBA) and WaFd, Inc. (WAFD) carry a correlation of 0.83, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are STBA and WAFD?
Over the past 3 years, STBA and WAFD moved with a correlation of 0.83, which is very strong, meaning they move nearly in lockstep. The link has loosened recently: the 1-year correlation (0.68) runs below the 3-year figure (0.83). Over 5 years the correlation is 0.80, and the annualized covariance of weekly returns is 688.4 %².
Among the 25 assets we track against STBA, WAFD ranks #11 by 3-year correlation. The trailing year gives STBA the advantage: +29.0% versus +16.9%, a 12.1-point spread.
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.
STBA vs WAFD: side by side
| STBA (S&T Bancorp, Inc.) | WAFD (WaFd, Inc.) | |
|---|---|---|
| 1-year return | +29.0% | +16.9% |
| 5-year return | +102.2% | +28.1% |
| Volatility (ann.) | 28.7% | 28.8% |
| Beta vs S&P 500 | 0.68 | 0.70 |
| Max drawdown (3Y) | -26.1% | -34.6% |
| Market cap | $1.8B | $2.7B |
| P/E (trailing) | 13.3 | 11.4 |
| Dividend yield | 1.44% | 2.95% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | STBA | WAFD |
|---|---|---|
| 2022 | +12.6% | +3.4% |
| 2023 | +2.1% | +1.7% |
| 2024 | +18.7% | +1.1% |
| 2025 | +6.7% | +3.0% |
| 2026 | +29.7% | +15.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are STBA and WAFD good diversifiers for each other?
No. With a correlation of 0.83, STBA and WAFD move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between STBA and WAFD?
The STBA/WAFD correlation stands at 0.83 on a 3-year window (1 year: 0.68, 5 years: 0.80), computed from weekly returns as of 2026-08-27.
Is WAFD a good diversifier for STBA?
No. With a correlation of 0.83, STBA and WAFD move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.83 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.
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Related comparisons
Hubs: STBA correlations · WAFD correlations
