JRVR vs SBSI: Correlation
Measured on weekly returns over the past three years, James River Group Holdings, Inc. (JRVR) and Southside Bancshares, Inc. (SBSI) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JRVR and SBSI?
Over the past 3 years, JRVR and SBSI moved with a correlation of 0.38, which is moderate. Recent behaviour matches the longer record: 0.38 over 1 year against 0.38 over 3. Over 5 years the correlation is 0.29, and the annualized covariance of weekly returns is 483.4 %².
Within JRVR's tracked universe of 12 assets, SBSI comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SBSI outperformed by 32.8 percentage points (-26.4% for JRVR against +6.4% for SBSI). One caveat on sizing: JRVR is 2.1 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.
JRVR vs SBSI: side by side
| JRVR (James River Group Holdings, Inc.) | SBSI (Southside Bancshares, Inc.) | |
|---|---|---|
| 1-year return | -26.4% | +6.4% |
| 5-year return | -88.2% | +7.0% |
| Volatility (ann.) | 51.3% | 24.6% |
| Beta vs S&P 500 | 0.55 | 0.59 |
| Max drawdown (3Y) | -77.1% | -27.3% |
| Market cap | $0.2B | $1.0B |
| P/E (trailing) | 9.4 | 12.6 |
| Dividend yield | 0.97% | 4.49% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JRVR | SBSI |
|---|---|---|
| 2022 | -26.8% | -10.8% |
| 2023 | -55.2% | -8.9% |
| 2024 | -46.2% | +6.3% |
| 2025 | +31.6% | +0.5% |
| 2026 | -35.0% | +8.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JRVR and SBSI good diversifiers for each other?
Reasonably. At 0.38, JRVR and SBSI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between JRVR and SBSI?
The JRVR/SBSI correlation stands at 0.38 on a 3-year window (1 year: 0.38, 5 years: 0.29), computed from weekly returns as of 2026-08-27.
Is SBSI a good diversifier for JRVR?
Reasonably. At 0.38, JRVR and SBSI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 mean?
A reading of 0.38 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/jrvr-vs-sbsi.json
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Related comparisons
Hubs: JRVR correlations · SBSI correlations
