RYZ vs SSB: Correlation
Measured on weekly returns over the past three years, Ryerson Holding Corporation (RYZ) and SouthState Bank Corporation (SSB) carry a correlation of 0.61, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RYZ and SSB?
On 3 years of weekly data the RYZ/SSB correlation comes out at 0.61, strong. Little has changed lately, as the 1-year reading of 0.61 lands near the 3-year figure. The 5-year figure is 0.44, and annualized covariance runs at 828.5 %².
In RYZ's tracked universe of 13 assets, SSB sits right near the top at #3. On 12-month performance RYZ holds a 8.4-point edge, +15.2% against +6.8%. Risk is not evenly split, since RYZ carries 1.7 times the volatility of the other side.
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.
RYZ vs SSB: side by side
| RYZ (Ryerson Holding Corporation) | SSB (SouthState Bank Corporation) | |
|---|---|---|
| 1-year return | +15.2% | +6.8% |
| 5-year return | +20.9% | +76.5% |
| Volatility (ann.) | 47.4% | 28.6% |
| Beta vs S&P 500 | 1.18 | 0.95 |
| Max drawdown (3Y) | -49.0% | -27.6% |
| Market cap | $1.3B | $10.3B |
| P/E (trailing) | – | 11.2 |
| Dividend yield | 2.98% | 2.26% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RYZ | SSB |
|---|---|---|
| 2022 | +18.3% | -2.4% |
| 2023 | +17.1% | +13.8% |
| 2024 | -44.9% | +20.7% |
| 2025 | +40.4% | -3.1% |
| 2026 | +2.7% | +14.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RYZ and SSB good diversifiers for each other?
To a limited degree. At 0.61 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between RYZ and SSB?
Using weekly returns as of 2026-08-27: 0.61 over 3 years, with 0.61 over the last year and 0.44 over 5 years.
Is SSB a good diversifier for RYZ?
To a limited degree. At 0.61 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.61 mean?
On the −1 to +1 scale, 0.61 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: RYZ correlations · SSB correlations
