STBA vs WNEB: Correlation
Measured on weekly returns over the past three years, S&T Bancorp, Inc. (STBA) and Western New England Bancorp, Inc. (WNEB) carry a correlation of 0.68, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are STBA and WNEB?
Across a 3-year window, the weekly returns of STBA and WNEB correlate at 0.68, strong. The relationship has been stable: the 1-year correlation (0.67) sits close to the 3-year figure. Stretching to 5 years gives 0.59, with an annualized covariance of 626.2 %².
Among the 25 assets we track against STBA, WNEB ranks #16 by 3-year correlation. The last year tells two different stories: STBA led by 17.1 percentage points, +29.0% for STBA against +11.9% for WNEB.
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 WNEB: side by side
| STBA (S&T Bancorp, Inc.) | WNEB (Western New England Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +29.0% | +11.9% |
| 5-year return | +102.2% | +85.9% |
| Volatility (ann.) | 28.7% | 32.1% |
| Beta vs S&P 500 | 0.68 | 0.66 |
| Max drawdown (3Y) | -26.1% | -33.3% |
| Market cap | $1.8B | $0.3B |
| P/E (trailing) | 13.3 | 16.5 |
| Dividend yield | 1.44% | 2.03% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | STBA | WNEB |
|---|---|---|
| 2022 | +12.6% | +11.0% |
| 2023 | +2.1% | -1.1% |
| 2024 | +18.7% | +6.0% |
| 2025 | +6.7% | +40.9% |
| 2026 | +29.7% | +10.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are STBA and WNEB good diversifiers for each other?
Only partially. A correlation of 0.68 means STBA and WNEB share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between STBA and WNEB?
The STBA/WNEB correlation stands at 0.68 on a 3-year window (1 year: 0.67, 5 years: 0.59), computed from weekly returns as of 2026-08-27.
Is WNEB a good diversifier for STBA?
Only partially. A correlation of 0.68 means STBA and WNEB share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.68 mean?
A reading of 0.68 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: STBA correlations · WNEB correlations
