SRBK vs SSB: Correlation
How closely do SR Bancorp, Inc. (SRBK) and SouthState Bank Corporation (SSB) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SRBK and SSB?
On 3 years of weekly data the SRBK/SSB correlation comes out at 0.49, moderate. Recent behaviour matches the longer record: 0.58 over 1 year against 0.49 over 3. The 5-year figure is n/a, and annualized covariance runs at 242.9 %².
By 3-year correlation, SSB places #5 of the 12 assets tracked against SRBK. Their recent paths diverged sharply: over the last 12 months SRBK outperformed by 23.5 percentage points (+30.3% for SRBK against +6.8% for SSB). Note the risk asymmetry: SSB runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
SRBK vs SSB: side by side
| SRBK (SR Bancorp, Inc.) | SSB (SouthState Bank Corporation) | |
|---|---|---|
| 1-year return | +30.3% | +6.8% |
| 5-year return | n/a | +76.5% |
| Volatility (ann.) | 17.4% | 28.6% |
| Beta vs S&P 500 | 0.36 | 0.95 |
| Max drawdown (3Y) | -13.5% | -27.6% |
| Market cap | $0.1B | $10.3B |
| P/E (trailing) | 44.3 | 11.2 |
| Dividend yield | 1.08% | 2.26% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SRBK | SSB |
|---|---|---|
| 2022 | – | -2.4% |
| 2023 | – | +13.8% |
| 2024 | +24.6% | +20.7% |
| 2025 | +34.1% | -3.1% |
| 2026 | +24.6% | +14.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SRBK and SSB good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between SRBK and SSB?
The SRBK/SSB correlation stands at 0.49 on a 3-year window (1 year: 0.58, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SSB a good diversifier for SRBK?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: SRBK correlations · SSB correlations
