SMBC vs TRST: Correlation
How closely do Southern Missouri Bancorp, Inc. (SMBC) and TrustCo Bank Corp NY (TRST) trade together? Their weekly returns over three years give a correlation of 0.84, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SMBC and TRST?
On 3 years of weekly data the SMBC/TRST correlation comes out at 0.84, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.77 over 1 year against 0.84 over 3. The 5-year figure is 0.74, and annualized covariance runs at 644.4 %².
Within SMBC's tracked universe of 16 assets, TRST comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TRST outperformed by 20.2 percentage points (+30.7% for SMBC 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.
SMBC vs TRST: side by side
| SMBC (Southern Missouri Bancorp, Inc.) | TRST (TrustCo Bank Corp NY) | |
|---|---|---|
| 1-year return | +30.7% | +50.9% |
| 5-year return | +79.4% | +121.0% |
| Volatility (ann.) | 29.4% | 26.2% |
| Beta vs S&P 500 | 0.81 | 0.68 |
| Max drawdown (3Y) | -29.2% | -26.2% |
| Market cap | $0.8B | $1.0B |
| P/E (trailing) | 11.6 | 15.9 |
| Dividend yield | 1.32% | 2.66% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SMBC | TRST |
|---|---|---|
| 2022 | -10.7% | +17.6% |
| 2023 | +18.9% | -13.3% |
| 2024 | +9.4% | +12.4% |
| 2025 | +4.8% | +29.3% |
| 2026 | +27.1% | +41.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SMBC and TRST good diversifiers for each other?
No. With a correlation of 0.84, SMBC and TRST move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between SMBC and TRST?
As of 2026-08-27, the correlation of weekly returns between SMBC and TRST is 0.84 over 3 years, 0.77 over 1 year and 0.74 over 5 years.
Is TRST a good diversifier for SMBC?
No. With a correlation of 0.84, SMBC and TRST move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.84 mean?
A reading of 0.84 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/smbc-vs-trst.json
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[](https://www.pairbook.io/pair/smbc-vs-trst/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SMBC correlations · TRST correlations
