WEYS vs WTBA: Correlation
How closely do Weyco Group, Inc. (WEYS) and West Bancorporation (WTBA) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are WEYS and WTBA?
Over the past 3 years, WEYS and WTBA moved with a correlation of 0.51, which is moderate. The link has loosened recently: the 1-year correlation (0.39) runs below the 3-year figure (0.51). Over 5 years the correlation is 0.43, and the annualized covariance of weekly returns is 551.5 %².
Few assets follow WEYS as closely as WTBA, which ranks #2 of 10 tracked partners. The trailing year gives WEYS the advantage: +59.7% versus +47.9%, a 11.8-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.
WEYS vs WTBA: side by side
| WEYS (Weyco Group, Inc.) | WTBA (West Bancorporation) | |
|---|---|---|
| 1-year return | +59.7% | +47.9% |
| 5-year return | +157.8% | +16.8% |
| Volatility (ann.) | 35.3% | 30.5% |
| Beta vs S&P 500 | 1.01 | 0.75 |
| Max drawdown (3Y) | -29.0% | -26.9% |
| Market cap | $0.4B | $0.5B |
| P/E (trailing) | 12.5 | 12.6 |
| Dividend yield | 2.43% | 3.53% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | WEYS | WTBA |
|---|---|---|
| 2022 | -8.3% | -14.4% |
| 2023 | +54.0% | -12.4% |
| 2024 | +30.4% | +7.7% |
| 2025 | -10.5% | +7.7% |
| 2026 | +49.9% | +31.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are WEYS and WTBA good diversifiers for each other?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between WEYS and WTBA?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.39 over the last year and 0.43 over 5 years.
Is WTBA a good diversifier for WEYS?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.51 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: WEYS correlations · WTBA correlations
