KRNY vs TMP: Correlation
Kearny Financial (KRNY) and Tompkins Financial Corporation (TMP) show a very strong relationship: their 3-year correlation of weekly returns is 0.83.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KRNY and TMP?
Over the past 3 years, KRNY and TMP moved with a correlation of 0.83, which is very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.74 lands near the 3-year figure. Over 5 years the correlation is 0.76, and the annualized covariance of weekly returns is 878.5 %².
By 3-year correlation, TMP places #5 of the 11 assets tracked against KRNY. The last year tells two different stories: KRNY led by 18.4 percentage points, +60.2% for KRNY against +41.8% for TMP.
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 TMP: side by side
| KRNY (Kearny Financial) | TMP (Tompkins Financial Corporation) | |
|---|---|---|
| 1-year return | +60.2% | +41.8% |
| 5-year return | +2.4% | +49.6% |
| Volatility (ann.) | 33.5% | 31.6% |
| Beta vs S&P 500 | 0.79 | 0.72 |
| Max drawdown (3Y) | -41.5% | -30.9% |
| Market cap | $0.6B | $1.4B |
| P/E (trailing) | 17.3 | 8.0 |
| Dividend yield | 4.47% | 2.68% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KRNY | TMP |
|---|---|---|
| 2022 | -20.4% | -4.4% |
| 2023 | -6.7% | -19.2% |
| 2024 | -15.5% | +17.8% |
| 2025 | +12.0% | +11.1% |
| 2026 | +40.4% | +37.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KRNY and TMP good diversifiers for each other?
No. With a correlation of 0.83, KRNY and TMP move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between KRNY and TMP?
The KRNY/TMP correlation stands at 0.83 on a 3-year window (1 year: 0.74, 5 years: 0.76), computed from weekly returns as of 2026-08-27.
Is TMP a good diversifier for KRNY?
No. With a correlation of 0.83, KRNY and TMP move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.83 mean?
On the −1 to +1 scale, 0.83 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/krny-vs-tmp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/krny-vs-tmp/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KRNY correlations · TMP correlations
