SFBS vs SSB: Correlation
How closely do ServisFirst Bancshares, Inc. (SFBS) and SouthState Bank Corporation (SSB) trade together? Their weekly returns over three years give a correlation of 0.87, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SFBS and SSB?
Across a 3-year window, the weekly returns of SFBS and SSB correlate at 0.87, very strong, meaning they move nearly in lockstep. Lately the two have drifted apart, with the 1-year correlation at 0.76 versus 0.87 over 3 years. Stretching to 5 years gives 0.74, with an annualized covariance of 843.8 %².
SSB is one of the assets that tracks SFBS most closely: it ranks #1 out of the 14 assets we track against SFBS. Over the last 12 months SSB came out ahead by 7.6 percentage points (-0.8% against +6.8%).
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.
SFBS vs SSB: side by side
| SFBS (ServisFirst Bancshares, Inc.) | SSB (SouthState Bank Corporation) | |
|---|---|---|
| 1-year return | -0.8% | +6.8% |
| 5-year return | +29.4% | +76.5% |
| Volatility (ann.) | 34.1% | 28.6% |
| Beta vs S&P 500 | 0.96 | 0.95 |
| Max drawdown (3Y) | -30.4% | -27.6% |
| Market cap | $4.7B | $10.3B |
| P/E (trailing) | 14.7 | 11.2 |
| Dividend yield | 1.70% | 2.26% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SFBS | SSB |
|---|---|---|
| 2022 | -17.9% | -2.4% |
| 2023 | -1.2% | +13.8% |
| 2024 | +28.8% | +20.7% |
| 2025 | -13.9% | -3.1% |
| 2026 | +22.1% | +14.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SFBS and SSB good diversifiers for each other?
No. With a correlation of 0.87, SFBS and SSB move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between SFBS and SSB?
The SFBS/SSB correlation stands at 0.87 on a 3-year window (1 year: 0.76, 5 years: 0.74), computed from weekly returns as of 2026-08-27.
Is SSB a good diversifier for SFBS?
No. With a correlation of 0.87, SFBS and SSB move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.87 mean?
On the −1 to +1 scale, 0.87 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: SFBS correlations · SSB correlations
