GATX vs SSB: Correlation
GATX Corporation (GATX) and SouthState Bank Corporation (SSB) show a strong relationship: their 3-year correlation of weekly returns is 0.63.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GATX and SSB?
Across a 3-year window, the weekly returns of GATX and SSB correlate at 0.63, strong. Little has changed lately, as the 1-year reading of 0.63 lands near the 3-year figure. Stretching to 5 years gives 0.54, with an annualized covariance of 434.5 %².
In GATX's tracked universe of 10 assets, SSB sits right near the top at #2. Neither side won the trailing year by much: +9.1% against +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.
GATX vs SSB: side by side
| GATX (GATX Corporation) | SSB (SouthState Bank Corporation) | |
|---|---|---|
| 1-year return | +9.1% | +6.8% |
| 5-year return | +112.2% | +76.5% |
| Volatility (ann.) | 24.2% | 28.6% |
| Beta vs S&P 500 | 0.78 | 0.95 |
| Max drawdown (3Y) | -18.1% | -27.6% |
| Market cap | $6.3B | $10.3B |
| P/E (trailing) | 17.7 | 11.2 |
| Dividend yield | 1.42% | 2.26% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GATX | SSB |
|---|---|---|
| 2022 | +4.2% | -2.4% |
| 2023 | +15.2% | +13.8% |
| 2024 | +31.1% | +20.7% |
| 2025 | +11.1% | -3.1% |
| 2026 | +6.0% | +14.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GATX and SSB good diversifiers for each other?
Somewhat, no more. With 0.63 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between GATX and SSB?
Using weekly returns as of 2026-08-27: 0.63 over 3 years, with 0.63 over the last year and 0.54 over 5 years.
Is SSB a good diversifier for GATX?
Somewhat, no more. With 0.63 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.63 mean?
A reading of 0.63 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: GATX correlations · SSB correlations
