PNFP vs SUIG: Correlation
How closely do Pinnacle Financial Partners, Inc. (PNFP) and Sui Group Holdings Limited (SUIG) trade together? Their weekly returns over three years give a correlation of -0.30, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PNFP and SUIG?
Over the past 3 years, PNFP and SUIG moved with a correlation of -0.30, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.14) runs above the 3-year figure (-0.30). Over 5 years the correlation is -0.21, and the annualized covariance of weekly returns is -1703.8 %².
Among the 14 assets we track against PNFP, SUIG sits near the bottom by co-movement, at rank #12. Their recent paths diverged sharply: over the last 12 months PNFP outperformed by 89.8 percentage points (+6.4% for PNFP against -83.4% for SUIG). Note the risk asymmetry: SUIG runs 4.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
PNFP vs SUIG: side by side
| PNFP (Pinnacle Financial Partners, Inc.) | SUIG (Sui Group Holdings Limited) | |
|---|---|---|
| 1-year return | +6.4% | -83.4% |
| 5-year return | +12.0% | -88.3% |
| Volatility (ann.) | 35.3% | 162.1% |
| Beta vs S&P 500 | 1.22 | 1.61 |
| Max drawdown (3Y) | -35.8% | -89.2% |
| Market cap | $15.3B | $0.1B |
| P/E (trailing) | 13.9 | – |
| Dividend yield | 1.46% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PNFP | SUIG |
|---|---|---|
| 2022 | -22.3% | -75.1% |
| 2023 | +20.5% | +19.5% |
| 2024 | +32.4% | -20.3% |
| 2025 | -15.8% | -14.4% |
| 2026 | +7.4% | -38.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PNFP and SUIG good diversifiers for each other?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PNFP and SUIG?
As of 2026-08-27, the correlation of weekly returns between PNFP and SUIG is -0.30 over 3 years, -0.14 over 1 year and -0.21 over 5 years.
Is SUIG a good diversifier for PNFP?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.30 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.
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Related comparisons
Hubs: PNFP correlations · SUIG correlations
