KRNY vs SBSI: Correlation
Kearny Financial (KRNY) and Southside Bancshares, Inc. (SBSI) show a very strong relationship: their 3-year correlation of weekly returns is 0.84.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KRNY and SBSI?
On 3 years of weekly data the KRNY/SBSI correlation comes out at 0.84, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.76 lands near the 3-year figure. The 5-year figure is 0.77, and annualized covariance runs at 695.2 %².
SBSI is one of the assets that tracks KRNY most closely: it ranks #3 out of the 11 assets we track against KRNY. Their recent paths diverged sharply: over the last 12 months KRNY outperformed by 53.8 percentage points (+60.2% for KRNY against +6.4% for SBSI).
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.
KRNY vs SBSI: side by side
| KRNY (Kearny Financial) | SBSI (Southside Bancshares, Inc.) | |
|---|---|---|
| 1-year return | +60.2% | +6.4% |
| 5-year return | +2.4% | +7.0% |
| Volatility (ann.) | 33.5% | 24.6% |
| Beta vs S&P 500 | 0.79 | 0.59 |
| Max drawdown (3Y) | -41.5% | -27.3% |
| Market cap | $0.6B | $1.0B |
| P/E (trailing) | 17.3 | 12.6 |
| Dividend yield | 4.47% | 4.49% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KRNY | SBSI |
|---|---|---|
| 2022 | -20.4% | -10.8% |
| 2023 | -6.7% | -8.9% |
| 2024 | -15.5% | +6.3% |
| 2025 | +12.0% | +0.5% |
| 2026 | +40.4% | +8.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KRNY and SBSI good diversifiers for each other?
Not really. At 0.84, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between KRNY and SBSI?
The KRNY/SBSI correlation stands at 0.84 on a 3-year window (1 year: 0.76, 5 years: 0.77), computed from weekly returns as of 2026-08-27.
Is SBSI a good diversifier for KRNY?
Not really. At 0.84, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.84 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/krny-vs-sbsi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/krny-vs-sbsi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KRNY correlations · SBSI correlations
