CCB vs SBSI: Correlation
Measured on weekly returns over the past three years, Coastal Financial Corporation (CCB) and Southside Bancshares, Inc. (SBSI) carry a correlation of 0.53, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCB and SBSI?
Over the past 3 years, CCB and SBSI moved with a correlation of 0.53, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.43 versus 0.53 over 3 years. Over 5 years the correlation is 0.51, and the annualized covariance of weekly returns is 594.0 %².
Within CCB's tracked universe of 19 assets, SBSI comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SBSI outperformed by 65.4 percentage points (-59.0% for CCB against +6.4% for SBSI). One caveat on sizing: CCB is 1.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CCB vs SBSI: side by side
| CCB (Coastal Financial Corporation) | SBSI (Southside Bancshares, Inc.) | |
|---|---|---|
| 1-year return | -59.0% | +6.4% |
| 5-year return | +59.4% | +7.0% |
| Volatility (ann.) | 45.4% | 24.6% |
| Beta vs S&P 500 | 0.96 | 0.59 |
| Max drawdown (3Y) | -66.5% | -27.3% |
| Market cap | $0.7B | $1.0B |
| P/E (trailing) | – | 12.6 |
| Dividend yield | 0.00% | 4.49% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCB | SBSI |
|---|---|---|
| 2022 | -6.1% | -10.8% |
| 2023 | -6.5% | -8.9% |
| 2024 | +91.2% | +6.3% |
| 2025 | +35.0% | +0.5% |
| 2026 | -59.2% | +8.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCB and SBSI good diversifiers for each other?
To a limited degree. At 0.53 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between CCB and SBSI?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.43 over the last year and 0.51 over 5 years.
Is SBSI a good diversifier for CCB?
To a limited degree. At 0.53 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.53 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
$ curl https://www.pairbook.io/api/v1/pairs/ccb-vs-sbsi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ccb-vs-sbsi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CCB correlations · SBSI correlations
