BBT vs RNST: Correlation
How closely do Beacon Financial Corporation (BBT) and Renasant Corporation (RNST) 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 BBT and RNST?
On 3 years of weekly data the BBT/RNST correlation comes out at 0.84, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.74 lands near the 3-year figure. The 5-year figure is 0.80, and annualized covariance runs at 745.3 %².
Within BBT's tracked universe of 14 assets, RNST comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months BBT outperformed by 17.3 percentage points (+24.4% for BBT against +7.1% for RNST).
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.
BBT vs RNST: side by side
| BBT (Beacon Financial Corporation) | RNST (Renasant Corporation) | |
|---|---|---|
| 1-year return | +24.4% | +7.1% |
| 5-year return | +46.9% | +34.8% |
| Volatility (ann.) | 29.2% | 30.4% |
| Beta vs S&P 500 | 0.73 | 0.95 |
| Max drawdown (3Y) | -26.4% | -29.3% |
| Market cap | $2.6B | $3.8B |
| P/E (trailing) | 10.3 | 12.1 |
| Dividend yield | 4.07% | 2.24% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BBT | RNST |
|---|---|---|
| 2022 | +7.2% | +1.7% |
| 2023 | -14.3% | -7.7% |
| 2024 | +17.9% | +9.1% |
| 2025 | -4.2% | +1.0% |
| 2026 | +23.5% | +18.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBT and RNST good diversifiers for each other?
No: a correlation of 0.84 means BBT and RNST tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between BBT and RNST?
As of 2026-08-27, the correlation of weekly returns between BBT and RNST is 0.84 over 3 years, 0.74 over 1 year and 0.80 over 5 years.
Is RNST a good diversifier for BBT?
No: a correlation of 0.84 means BBT and RNST tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.84 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.
Use this data
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Related comparisons
Hubs: BBT correlations · RNST correlations
