FFIN vs SSB: Correlation
First Financial Bankshares, Inc. (FFIN) and SouthState Bank Corporation (SSB) show a very strong relationship: their 3-year correlation of weekly returns is 0.87.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FFIN and SSB?
Over the past 3 years, FFIN and SSB moved with a correlation of 0.87, which is very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.77) sits close to the 3-year figure. Over 5 years the correlation is 0.81, and the annualized covariance of weekly returns is 756.6 %².
SSB is one of the assets that tracks FFIN most closely: it ranks #1 out of the 20 assets we track against FFIN. Correlation aside, the last 12 months split them widely, with SSB ahead by 17.6 points (-10.8% versus +6.8%).
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.
FFIN vs SSB: side by side
| FFIN (First Financial Bankshares, Inc.) | SSB (SouthState Bank Corporation) | |
|---|---|---|
| 1-year return | -10.8% | +6.8% |
| 5-year return | -22.9% | +76.5% |
| Volatility (ann.) | 30.5% | 28.6% |
| Beta vs S&P 500 | 0.84 | 0.95 |
| Max drawdown (3Y) | -31.4% | -27.6% |
| Market cap | $4.7B | $10.3B |
| P/E (trailing) | 18.0 | 11.2 |
| Dividend yield | 2.35% | 2.26% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FFIN | SSB |
|---|---|---|
| 2022 | -31.2% | -2.4% |
| 2023 | -9.8% | +13.8% |
| 2024 | +21.6% | +20.7% |
| 2025 | -15.3% | -3.1% |
| 2026 | +12.2% | +14.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FFIN and SSB good diversifiers for each other?
Not really. At 0.87, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between FFIN and SSB?
The FFIN/SSB correlation stands at 0.87 on a 3-year window (1 year: 0.77, 5 years: 0.81), computed from weekly returns as of 2026-08-27.
Is SSB a good diversifier for FFIN?
Not really. At 0.87, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.87 mean?
A reading of 0.87 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: FFIN correlations · SSB correlations
