ASB vs RNST: Correlation
Measured on weekly returns over the past three years, Associated Banc-Corp (ASB) and Renasant Corporation (RNST) carry a correlation of 0.88, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASB and RNST?
Over the past 3 years, ASB and RNST moved with a correlation of 0.88, which is very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.89 lands near the 3-year figure. Over 5 years the correlation is 0.83, and the annualized covariance of weekly returns is 776.0 %².
By 3-year correlation, RNST places #10 of the 47 assets tracked against ASB. On 12-month performance ASB holds a 11.4-point edge, +18.5% against +7.1%.
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.
ASB vs RNST: side by side
| ASB (Associated Banc-Corp) | RNST (Renasant Corporation) | |
|---|---|---|
| 1-year return | +18.5% | +7.1% |
| 5-year return | +82.7% | +34.8% |
| Volatility (ann.) | 29.0% | 30.4% |
| Beta vs S&P 500 | 1.03 | 0.95 |
| Max drawdown (3Y) | -31.6% | -29.3% |
| Market cap | $5.8B | $3.8B |
| P/E (trailing) | 10.8 | 12.1 |
| Dividend yield | 3.08% | 2.24% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASB | RNST |
|---|---|---|
| 2022 | +6.0% | +1.7% |
| 2023 | -2.9% | -7.7% |
| 2024 | +16.2% | +9.1% |
| 2025 | +11.8% | +1.0% |
| 2026 | +21.7% | +18.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASB and RNST good diversifiers for each other?
No. With a correlation of 0.88, ASB and RNST move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between ASB and RNST?
Using weekly returns as of 2026-08-27: 0.88 over 3 years, with 0.89 over the last year and 0.83 over 5 years.
Is RNST a good diversifier for ASB?
No. With a correlation of 0.88, ASB and RNST move nearly in lockstep, so holding both adds very little diversification.
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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/asb-vs-rnst.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/asb-vs-rnst/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ASB correlations · RNST correlations
