PDLB vs RNST: Correlation
How closely do Ponce Financial Group, Inc. (PDLB) and Renasant Corporation (RNST) trade together? Their weekly returns over three years give a correlation of 0.72, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PDLB and RNST?
Over the past 3 years, PDLB and RNST moved with a correlation of 0.72, which is strong. Little has changed lately, as the 1-year reading of 0.62 lands near the 3-year figure. Over 5 years the correlation is 0.62, and the annualized covariance of weekly returns is 556.9 %².
Few assets follow PDLB as closely as RNST, which ranks #3 of 13 tracked partners. Their recent paths diverged sharply: over the last 12 months PDLB outperformed by 29.3 percentage points (+36.4% for PDLB against +7.1% for RNST).
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.
PDLB vs RNST: side by side
| PDLB (Ponce Financial Group, Inc.) | RNST (Renasant Corporation) | |
|---|---|---|
| 1-year return | +36.4% | +7.1% |
| 5-year return | +106.7% | +34.8% |
| Volatility (ann.) | 25.5% | 30.4% |
| Beta vs S&P 500 | 0.76 | 0.95 |
| Max drawdown (3Y) | -21.5% | -29.3% |
| Market cap | $0.5B | $3.8B |
| P/E (trailing) | 14.2 | 12.1 |
| Dividend yield | 0.00% | 2.24% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PDLB | RNST |
|---|---|---|
| 2022 | -10.3% | +1.7% |
| 2023 | +4.7% | -7.7% |
| 2024 | +33.2% | +9.1% |
| 2025 | +25.8% | +1.0% |
| 2026 | +24.2% | +18.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PDLB and RNST good diversifiers for each other?
Only partially. A correlation of 0.72 means PDLB and RNST share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between PDLB and RNST?
Using weekly returns as of 2026-08-27: 0.72 over 3 years, with 0.62 over the last year and 0.62 over 5 years.
Is RNST a good diversifier for PDLB?
Only partially. A correlation of 0.72 means PDLB and RNST share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.72 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/pdlb-vs-rnst.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pdlb-vs-rnst/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PDLB correlations · RNST correlations
