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INDB correlations (Independent Bank Corp.)

INDB measured against 4756 US stocks and ETFs: closest co-movers on one side, the best offsets on the other, all from weekly returns.

Data as of 2026-08-27 · refreshed every trading day · US Listed

Volatility (ann.)

30.9%

3y weekly

Beta vs S&P 500

0.85

3y weekly

1-year return

+18.3%

price, adjusted

5-year return

+28.6%

price, adjusted

Market cap

$3.9B

latest

P/E ratio

14.9

trailing

Dividend yield

2.97%

trailing

Max drawdown

-30.8%

3y, daily closes

INDB over the last 12 months, weekly closes indexed to 100 at the start.

Stocks and ETFs most correlated with INDB

Asset		Correlation (3Y)
FCF	First Commonwealth Financial Corporation	0.87
BY	Byline Bancorp, Inc.	0.87
CAC	Camden National Corporation	0.87
THFF	First Financial Corporation	0.87
HOPE	Hope Bancorp, Inc.	0.86

If the goal is offsetting INDB, these tracked assets have historically moved the most on their own terms.

Asset		Correlation (3Y)
VXZ	iPath Series B S&P 500 VIX Mid-Term Futures ETN	-0.50
VXX	iPath Series B S&P 500 VIX Short-Term Futures ETN	-0.46
TCRT	Alaunos Therapeutics, Inc.	-0.25

Free API · no key required

$ curl https://www.pairbook.io/api/v1/symbols/indb.json

Correlations, diversifiers, beta and volatility for INDB, plus one endpoint per pair. API documentation.

ETF		INDB weight
IWM	iShares Russell 2000 ETF	0.13%