MYFW vs TRMK: Correlation
Measured on weekly returns over the past three years, First Western Financial, Inc. (MYFW) and Trustmark Corporation (TRMK) carry a correlation of 0.66, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MYFW and TRMK?
Across a 3-year window, the weekly returns of MYFW and TRMK correlate at 0.66, strong. The link has loosened recently: the 1-year correlation (0.47) runs below the 3-year figure (0.66). Stretching to 5 years gives 0.61, with an annualized covariance of 614.4 %².
TRMK is one of the assets that tracks MYFW most closely: it ranks #1 out of the 12 assets we track against MYFW. The last year tells two different stories: MYFW led by 16.6 percentage points, +33.1% for MYFW against +16.5% for TRMK.
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.
MYFW vs TRMK: side by side
| MYFW (First Western Financial, Inc.) | TRMK (Trustmark Corporation) | |
|---|---|---|
| 1-year return | +33.1% | +16.5% |
| 5-year return | +13.7% | +69.7% |
| Volatility (ann.) | 34.7% | 27.0% |
| Beta vs S&P 500 | 1.08 | 0.91 |
| Max drawdown (3Y) | -37.4% | -22.0% |
| Market cap | $0.3B | $2.7B |
| P/E (trailing) | 16.5 | 11.8 |
| Dividend yield | 0.00% | 2.12% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MYFW | TRMK |
|---|---|---|
| 2022 | -7.3% | +10.7% |
| 2023 | -29.6% | -17.0% |
| 2024 | -1.4% | +30.6% |
| 2025 | +37.1% | +13.0% |
| 2026 | +15.1% | +20.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MYFW and TRMK good diversifiers for each other?
Somewhat, no more. With 0.66 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between MYFW and TRMK?
Using weekly returns as of 2026-08-27: 0.66 over 3 years, with 0.47 over the last year and 0.61 over 5 years.
Is TRMK a good diversifier for MYFW?
Somewhat, no more. With 0.66 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.66 mean?
A reading of 0.66 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: MYFW correlations · TRMK correlations
