SSB vs TCBX: Correlation
SouthState Bank Corporation (SSB) and Third Coast Bancshares, Inc. (TCBX) show a strong relationship: their 3-year correlation of weekly returns is 0.75.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SSB and TCBX?
Across a 3-year window, the weekly returns of SSB and TCBX correlate at 0.75, strong. Recent behaviour matches the longer record: 0.78 over 1 year against 0.75 over 3. Stretching to 5 years gives 0.55, with an annualized covariance of 682.2 %².
By 3-year correlation, TCBX places #17 of the 32 assets tracked against SSB. Over the last 12 months TCBX came out ahead by 6.0 percentage points (+6.8% against +12.8%).
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.
SSB vs TCBX: side by side
| SSB (SouthState Bank Corporation) | TCBX (Third Coast Bancshares, Inc.) | |
|---|---|---|
| 1-year return | +6.8% | +12.8% |
| 5-year return | +76.5% | +80.3% |
| Volatility (ann.) | 28.6% | 31.7% |
| Beta vs S&P 500 | 0.95 | 0.88 |
| Max drawdown (3Y) | -27.6% | -28.9% |
| Market cap | $10.3B | $0.8B |
| P/E (trailing) | 11.2 | 11.0 |
| Dividend yield | 2.26% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SSB | TCBX |
|---|---|---|
| 2022 | -2.4% | -29.1% |
| 2023 | +13.8% | +7.8% |
| 2024 | +20.7% | +70.9% |
| 2025 | -3.1% | +12.0% |
| 2026 | +14.7% | +18.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SSB and TCBX good diversifiers for each other?
Only partially. A correlation of 0.75 means SSB and TCBX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between SSB and TCBX?
Using weekly returns as of 2026-08-27: 0.75 over 3 years, with 0.78 over the last year and 0.55 over 5 years.
Is TCBX a good diversifier for SSB?
Only partially. A correlation of 0.75 means SSB and TCBX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.75 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: SSB correlations · TCBX correlations
