TCBK vs WSBC: Correlation
How closely do TriCo Bancshares (TCBK) and WesBanco, Inc. (WSBC) trade together? Their weekly returns over three years give a correlation of 0.84, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TCBK and WSBC?
Across a 3-year window, the weekly returns of TCBK and WSBC correlate at 0.84, very strong, meaning they move nearly in lockstep. The past 12 months show a weaker link (0.72) than the 3-year average (0.84). Stretching to 5 years gives 0.81, with an annualized covariance of 694.7 %².
Within TCBK's tracked universe of 14 assets, WSBC comes in at #5 by 3-year correlation. The trailing year gives WSBC the advantage: +21.9% versus +28.6%, a 6.7-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.
TCBK vs WSBC: side by side
| TCBK (TriCo Bancshares) | WSBC (WesBanco, Inc.) | |
|---|---|---|
| 1-year return | +21.9% | +28.6% |
| 5-year return | +59.3% | +48.2% |
| Volatility (ann.) | 29.1% | 28.3% |
| Beta vs S&P 500 | 0.76 | 0.77 |
| Max drawdown (3Y) | -27.9% | -26.9% |
| Market cap | $1.7B | $3.9B |
| P/E (trailing) | 13.0 | 11.5 |
| Dividend yield | 2.66% | 3.73% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TCBK | WSBC |
|---|---|---|
| 2022 | +21.5% | +9.9% |
| 2023 | -13.0% | -10.9% |
| 2024 | +5.1% | +8.8% |
| 2025 | +11.9% | +7.0% |
| 2026 | +15.4% | +24.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TCBK and WSBC good diversifiers for each other?
No. With a correlation of 0.84, TCBK and WSBC move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between TCBK and WSBC?
As of 2026-08-27, the correlation of weekly returns between TCBK and WSBC is 0.84 over 3 years, 0.72 over 1 year and 0.81 over 5 years.
Is WSBC a good diversifier for TCBK?
No. With a correlation of 0.84, TCBK and WSBC move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.84 mean?
On the −1 to +1 scale, 0.84 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/tcbk-vs-wsbc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/tcbk-vs-wsbc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: TCBK correlations · WSBC correlations
