STT vs TFC: Correlation
State Street Corporation (STT) and Truist Financial (TFC) show a strong relationship: their 3-year correlation of weekly returns is 0.72.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are STT and TFC?
Over the past 3 years, STT and TFC moved with a correlation of 0.72, which is strong. Little has changed lately, as the 1-year reading of 0.62 lands near the 3-year figure. Over 5 years the correlation is 0.70, and the annualized covariance of weekly returns is 463.8 %².
Within STT's tracked universe of 32 assets, TFC comes in at #9 by 3-year correlation. Correlation aside, the last 12 months split them widely, with STT ahead by 60.6 points (+72.7% versus +12.1%). On a rolling one-year basis the correlation drifted between 0.56 and 0.90, a moderate band.
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.
STT vs TFC: side by side
| STT (State Street Corporation) | TFC (Truist Financial) | |
|---|---|---|
| 1-year return | +72.7% | +12.1% |
| 5-year return | +144.9% | +12.7% |
| Volatility (ann.) | 22.9% | 28.0% |
| Beta vs S&P 500 | 0.97 | 1.07 |
| Max drawdown (3Y) | -25.7% | -26.9% |
| Market cap | $53.1B | $61.4B |
| P/E (trailing) | 17.1 | 11.6 |
| Dividend yield | 1.74% | 4.10% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | STT | TFC |
|---|---|---|
| 2022 | -13.8% | -23.5% |
| 2023 | +3.5% | -8.6% |
| 2024 | +30.2% | +23.7% |
| 2025 | +35.5% | +19.0% |
| 2026 | +52.6% | +5.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are STT and TFC good diversifiers for each other?
Only partially. A correlation of 0.72 means STT and TFC 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 STT and TFC?
Using weekly returns as of 2026-08-27: 0.72 over 3 years, with 0.62 over the last year and 0.70 over 5 years.
Is TFC a good diversifier for STT?
Only partially. A correlation of 0.72 means STT and TFC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.72 mean?
A reading of 0.72 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/stt-vs-tfc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/stt-vs-tfc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: STT correlations · TFC correlations
