SSB vs USCB: Correlation
How closely do SouthState Bank Corporation (SSB) and USCB Financial Holdings, Inc. (USCB) trade together? Their weekly returns over three years give a correlation of 0.71, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SSB and USCB?
On 3 years of weekly data the SSB/USCB correlation comes out at 0.71, strong. The relationship has been stable: the 1-year correlation (0.68) sits close to the 3-year figure. The 5-year figure is 0.57, and annualized covariance runs at 686.4 %².
Among the 32 assets we track against SSB, USCB ranks #18 by 3-year correlation. The last year tells two different stories: USCB led by 24.9 percentage points, +6.8% for SSB against +31.7% for USCB.
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 USCB: side by side
| SSB (SouthState Bank Corporation) | USCB (USCB Financial Holdings, Inc.) | |
|---|---|---|
| 1-year return | +6.8% | +31.7% |
| 5-year return | +76.5% | +84.4% |
| Volatility (ann.) | 28.6% | 33.8% |
| Beta vs S&P 500 | 0.95 | 0.84 |
| Max drawdown (3Y) | -27.6% | -23.2% |
| Market cap | $10.3B | $0.4B |
| P/E (trailing) | 11.2 | 14.3 |
| Dividend yield | 2.26% | 2.02% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SSB | USCB |
|---|---|---|
| 2022 | -2.4% | -12.9% |
| 2023 | +13.8% | +0.4% |
| 2024 | +20.7% | +47.0% |
| 2025 | -3.1% | +6.1% |
| 2026 | +14.7% | +23.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SSB and USCB good diversifiers for each other?
Only partially. A correlation of 0.71 means SSB and USCB 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 USCB?
The SSB/USCB correlation stands at 0.71 on a 3-year window (1 year: 0.68, 5 years: 0.57), computed from weekly returns as of 2026-08-27.
Is USCB a good diversifier for SSB?
Only partially. A correlation of 0.71 means SSB and USCB share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.71 mean?
On the −1 to +1 scale, 0.71 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ssb-vs-uscb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ssb-vs-uscb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: SSB correlations · USCB correlations
