STT vs USB: Correlation
Measured on weekly returns over the past three years, State Street Corporation (STT) and U.S. Bancorp (USB) carry a correlation of 0.74, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are STT and USB?
On 3 years of weekly data the STT/USB correlation comes out at 0.74, strong. Lately the two have drifted apart, with the 1-year correlation at 0.59 versus 0.74 over 3 years. The 5-year figure is 0.70, and annualized covariance runs at 460.1 %².
In STT's tracked universe of 32 assets, USB sits right near the top at #3. Correlation aside, the last 12 months split them widely, with STT ahead by 39.6 points (+72.7% versus +33.1%). On a rolling one-year basis the correlation drifted between 0.57 and 0.84, 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 USB: side by side
| STT (State Street Corporation) | USB (U.S. Bancorp) | |
|---|---|---|
| 1-year return | +72.7% | +33.1% |
| 5-year return | +144.9% | +36.0% |
| Volatility (ann.) | 22.9% | 27.3% |
| Beta vs S&P 500 | 0.97 | 1.09 |
| Max drawdown (3Y) | -25.7% | -30.6% |
| Market cap | $53.1B | $97.2B |
| P/E (trailing) | 17.1 | 12.5 |
| Dividend yield | 1.74% | 3.31% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | STT | USB |
|---|---|---|
| 2022 | -13.8% | -19.1% |
| 2023 | +3.5% | +4.8% |
| 2024 | +30.2% | +15.6% |
| 2025 | +35.5% | +16.5% |
| 2026 | +52.6% | +19.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are STT and USB good diversifiers for each other?
Somewhat, no more. With 0.74 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between STT and USB?
As of 2026-08-27, the correlation of weekly returns between STT and USB is 0.74 over 3 years, 0.59 over 1 year and 0.70 over 5 years.
Is USB a good diversifier for STT?
Somewhat, no more. With 0.74 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.74 mean?
A reading of 0.74 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-usb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/stt-vs-usb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: STT correlations · USB correlations
