RF vs STT: Correlation
Measured on weekly returns over the past three years, Regions Financial Corporation (RF) and State Street Corporation (STT) carry a correlation of 0.71, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RF and STT?
On 3 years of weekly data the RF/STT correlation comes out at 0.71, strong. The past 12 months show a weaker link (0.57) than the 3-year average (0.71). The 5-year figure is 0.69, and annualized covariance runs at 473.3 %².
Within RF's tracked universe of 44 assets, STT comes in at #23 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months STT outperformed by 57.3 percentage points (+15.4% for RF against +72.7% for STT). On a rolling one-year basis the correlation drifted between 0.55 and 0.86, a moderate band.
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.
RF vs STT: side by side
| RF (Regions Financial Corporation) | STT (State Street Corporation) | |
|---|---|---|
| 1-year return | +15.4% | +72.7% |
| 5-year return | +83.5% | +144.9% |
| Volatility (ann.) | 29.2% | 22.9% |
| Beta vs S&P 500 | 1.09 | 0.97 |
| Max drawdown (3Y) | -31.9% | -25.7% |
| Market cap | $25.9B | $53.1B |
| P/E (trailing) | 12.4 | 17.1 |
| Dividend yield | 3.45% | 1.74% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | RF | STT |
|---|---|---|
| 2022 | +2.3% | -13.8% |
| 2023 | -5.7% | +3.5% |
| 2024 | +27.0% | +30.2% |
| 2025 | +20.2% | +35.5% |
| 2026 | +14.3% | +52.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RF and STT good diversifiers for each other?
Somewhat, no more. With 0.71 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between RF and STT?
As of 2026-08-27, the correlation of weekly returns between RF and STT is 0.71 over 3 years, 0.57 over 1 year and 0.69 over 5 years.
Is STT a good diversifier for RF?
Somewhat, no more. With 0.71 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.71 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: RF correlations · STT correlations
