CCBG vs TRST: Correlation
How closely do Capital City Bank Group (CCBG) and TrustCo Bank Corp NY (TRST) trade together? Their weekly returns over three years give a correlation of 0.81, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCBG and TRST?
Across a 3-year window, the weekly returns of CCBG and TRST correlate at 0.81, very strong, meaning they move nearly in lockstep. The past 12 months show a weaker link (0.62) than the 3-year average (0.81). Stretching to 5 years gives 0.75, with an annualized covariance of 548.6 %².
Among the 13 assets we track against CCBG, TRST ranks #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TRST outperformed by 31.0 percentage points (+19.9% for CCBG against +50.9% for TRST).
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.
CCBG vs TRST: side by side
| CCBG (Capital City Bank Group) | TRST (TrustCo Bank Corp NY) | |
|---|---|---|
| 1-year return | +19.9% | +50.9% |
| 5-year return | +154.3% | +121.0% |
| Volatility (ann.) | 25.9% | 26.2% |
| Beta vs S&P 500 | 0.53 | 0.68 |
| Max drawdown (3Y) | -16.5% | -26.2% |
| Market cap | $0.9B | $1.0B |
| P/E (trailing) | 14.2 | 15.9 |
| Dividend yield | 2.08% | 2.66% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCBG | TRST |
|---|---|---|
| 2022 | +25.8% | +17.6% |
| 2023 | -7.1% | -13.3% |
| 2024 | +28.1% | +12.4% |
| 2025 | +19.1% | +29.3% |
| 2026 | +21.7% | +41.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCBG and TRST good diversifiers for each other?
No: a correlation of 0.81 means CCBG and TRST tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between CCBG and TRST?
As of 2026-08-27, the correlation of weekly returns between CCBG and TRST is 0.81 over 3 years, 0.62 over 1 year and 0.75 over 5 years.
Is TRST a good diversifier for CCBG?
No: a correlation of 0.81 means CCBG and TRST tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.81 mean?
On the −1 to +1 scale, 0.81 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
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Related comparisons
Hubs: CCBG correlations · TRST correlations
