ABCB vs TRMK: Correlation
How closely do Ameris Bancorp (ABCB) and Trustmark Corporation (TRMK) trade together? Their weekly returns over three years give a correlation of 0.88, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABCB and TRMK?
Over the past 3 years, ABCB and TRMK moved with a correlation of 0.88, which is very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.84 over 1 year against 0.88 over 3. Over 5 years the correlation is 0.84, and the annualized covariance of weekly returns is 707.4 %².
Within ABCB's tracked universe of 49 assets, TRMK comes in at #7 by 3-year correlation. Twelve-month performance is nearly a tie, at +16.9% for ABCB and +16.5% for TRMK.
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.
ABCB vs TRMK: side by side
| ABCB (Ameris Bancorp) | TRMK (Trustmark Corporation) | |
|---|---|---|
| 1-year return | +16.9% | +16.5% |
| 5-year return | +86.9% | +69.7% |
| Volatility (ann.) | 29.7% | 27.0% |
| Beta vs S&P 500 | 1.06 | 0.91 |
| Max drawdown (3Y) | -29.5% | -22.0% |
| Market cap | $5.7B | $2.7B |
| P/E (trailing) | 15.5 | 11.8 |
| Dividend yield | 0.93% | 2.12% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABCB | TRMK |
|---|---|---|
| 2022 | -3.8% | +10.7% |
| 2023 | +14.3% | -17.0% |
| 2024 | +19.4% | +30.6% |
| 2025 | +20.1% | +13.0% |
| 2026 | +15.5% | +20.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABCB and TRMK good diversifiers for each other?
No: a correlation of 0.88 means ABCB and TRMK tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between ABCB and TRMK?
Using weekly returns as of 2026-08-27: 0.88 over 3 years, with 0.84 over the last year and 0.84 over 5 years.
Is TRMK a good diversifier for ABCB?
No: a correlation of 0.88 means ABCB and TRMK tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.88 mean?
On the −1 to +1 scale, 0.88 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.
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Related comparisons
Hubs: ABCB correlations · TRMK correlations
