SBSI vs TRST: Correlation
How closely do Southside Bancshares, Inc. (SBSI) and TrustCo Bank Corp NY (TRST) trade together? Their weekly returns over three years give a correlation of 0.86, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SBSI and TRST?
On 3 years of weekly data the SBSI/TRST correlation comes out at 0.86, very strong, meaning they move nearly in lockstep. Lately the two have drifted apart, with the 1-year correlation at 0.71 versus 0.86 over 3 years. The 5-year figure is 0.74, and annualized covariance runs at 555.6 %².
Within SBSI's tracked universe of 20 assets, TRST comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TRST outperformed by 44.5 percentage points (+6.4% for SBSI against +50.9% for TRST).
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.
SBSI vs TRST: side by side
| SBSI (Southside Bancshares, Inc.) | TRST (TrustCo Bank Corp NY) | |
|---|---|---|
| 1-year return | +6.4% | +50.9% |
| 5-year return | +7.0% | +121.0% |
| Volatility (ann.) | 24.6% | 26.2% |
| Beta vs S&P 500 | 0.59 | 0.68 |
| Max drawdown (3Y) | -27.3% | -26.2% |
| Market cap | $1.0B | $1.0B |
| P/E (trailing) | 12.6 | 15.9 |
| Dividend yield | 4.49% | 2.66% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SBSI | TRST |
|---|---|---|
| 2022 | -10.8% | +17.6% |
| 2023 | -8.9% | -13.3% |
| 2024 | +6.3% | +12.4% |
| 2025 | +0.5% | +29.3% |
| 2026 | +8.5% | +41.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SBSI and TRST good diversifiers for each other?
Not really. At 0.86, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between SBSI and TRST?
As of 2026-08-27, the correlation of weekly returns between SBSI and TRST is 0.86 over 3 years, 0.71 over 1 year and 0.74 over 5 years.
Is TRST a good diversifier for SBSI?
Not really. At 0.86, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.86 mean?
A reading of 0.86 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/sbsi-vs-trst.json
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Related comparisons
Hubs: SBSI correlations · TRST correlations
