GHC vs SSB: Correlation
Measured on weekly returns over the past three years, Graham Holdings Company (GHC) and SouthState Bank Corporation (SSB) carry a correlation of 0.63, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GHC and SSB?
On 3 years of weekly data the GHC/SSB correlation comes out at 0.63, strong. Lately the two have drifted apart, with the 1-year correlation at 0.48 versus 0.63 over 3 years. The 5-year figure is 0.57, and annualized covariance runs at 483.1 %².
Within GHC's tracked universe of 16 assets, SSB comes in at #5 by 3-year correlation. Neither side won the trailing year by much: +5.2% 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.
GHC vs SSB: side by side
| GHC (Graham Holdings Company) | SSB (SouthState Bank Corporation) | |
|---|---|---|
| 1-year return | +5.2% | +6.8% |
| 5-year return | +94.6% | +76.5% |
| Volatility (ann.) | 26.8% | 28.6% |
| Beta vs S&P 500 | 0.78 | 0.95 |
| Max drawdown (3Y) | -19.8% | -27.6% |
| Market cap | $4.8B | $10.3B |
| P/E (trailing) | 9.2 | 11.2 |
| Dividend yield | 0.63% | 2.26% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GHC | SSB |
|---|---|---|
| 2022 | -3.0% | -2.4% |
| 2023 | +16.6% | +13.8% |
| 2024 | +26.3% | +20.7% |
| 2025 | +27.0% | -3.1% |
| 2026 | +4.5% | +14.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GHC 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 GHC and SSB?
As of 2026-08-27, the correlation of weekly returns between GHC and SSB is 0.63 over 3 years, 0.48 over 1 year and 0.57 over 5 years.
Is SSB a good diversifier for GHC?
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?
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.
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Related comparisons
Hubs: GHC correlations · SSB correlations
