SMBK vs TCBX: Correlation
How closely do SmartFinancial, Inc. (SMBK) and Third Coast Bancshares, Inc. (TCBX) trade together? Their weekly returns over three years give a correlation of 0.77, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SMBK and TCBX?
On 3 years of weekly data the SMBK/TCBX correlation comes out at 0.77, strong. Recent behaviour matches the longer record: 0.70 over 1 year against 0.77 over 3. The 5-year figure is 0.61, and annualized covariance runs at 706.2 %².
Among the 26 assets we track against SMBK, TCBX ranks #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SMBK outperformed by 24.8 percentage points (+37.6% for SMBK against +12.8% for TCBX).
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.
SMBK vs TCBX: side by side
| SMBK (SmartFinancial, Inc.) | TCBX (Third Coast Bancshares, Inc.) | |
|---|---|---|
| 1-year return | +37.6% | +12.8% |
| 5-year return | +113.7% | +80.3% |
| Volatility (ann.) | 28.9% | 31.7% |
| Beta vs S&P 500 | 0.84 | 0.88 |
| Max drawdown (3Y) | -26.4% | -28.9% |
| Market cap | $0.9B | $0.8B |
| P/E (trailing) | 14.9 | 11.0 |
| Dividend yield | 0.65% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SMBK | TCBX |
|---|---|---|
| 2022 | +1.6% | -29.1% |
| 2023 | -9.7% | +7.8% |
| 2024 | +28.1% | +70.9% |
| 2025 | +20.5% | +12.0% |
| 2026 | +37.6% | +18.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SMBK and TCBX good diversifiers for each other?
Somewhat, no more. With 0.77 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between SMBK and TCBX?
Using weekly returns as of 2026-08-27: 0.77 over 3 years, with 0.70 over the last year and 0.61 over 5 years.
Is TCBX a good diversifier for SMBK?
Somewhat, no more. With 0.77 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.77 mean?
A reading of 0.77 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: SMBK correlations · TCBX correlations
