PRG vs SSB: Correlation
Measured on weekly returns over the past three years, PROG Holdings, Inc. (PRG) and SouthState Bank Corporation (SSB) carry a correlation of 0.56, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PRG and SSB?
On 3 years of weekly data the PRG/SSB correlation comes out at 0.56, moderate. The relationship has been stable: the 1-year correlation (0.63) sits close to the 3-year figure. The 5-year figure is 0.45, and annualized covariance runs at 740.7 %².
By 3-year correlation, SSB places #5 of the 12 assets tracked against PRG. The trailing year gives PRG the advantage: +13.9% versus +6.8%, a 7.1-point spread. One caveat on sizing: PRG is 1.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
PRG vs SSB: side by side
| PRG (PROG Holdings, Inc.) | SSB (SouthState Bank Corporation) | |
|---|---|---|
| 1-year return | +13.9% | +6.8% |
| 5-year return | -13.8% | +76.5% |
| Volatility (ann.) | 46.7% | 28.6% |
| Beta vs S&P 500 | 1.07 | 0.95 |
| Max drawdown (3Y) | -51.9% | -27.6% |
| Market cap | $1.6B | $10.3B |
| P/E (trailing) | 12.8 | 11.2 |
| Dividend yield | 1.36% | 2.26% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PRG | SSB |
|---|---|---|
| 2022 | -62.6% | -2.4% |
| 2023 | +83.0% | +13.8% |
| 2024 | +38.4% | +20.7% |
| 2025 | -29.0% | -3.1% |
| 2026 | +36.1% | +14.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PRG and SSB good diversifiers for each other?
Only partially. A correlation of 0.56 means PRG and SSB 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 PRG and SSB?
The PRG/SSB correlation stands at 0.56 on a 3-year window (1 year: 0.63, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is SSB a good diversifier for PRG?
Only partially. A correlation of 0.56 means PRG and SSB share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.56 mean?
A reading of 0.56 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: PRG correlations · SSB correlations
