COLB vs. RNST
COLB (Columbia Banking System, Inc.) and RNST (Renasant Corporation) are both stocks. Both operate in the Banks - Regional industry within the Financial Services sector. Over the past 10 years, COLB returned 5.40%/yr vs 5.51%/yr for RNST. At a 0.47 correlation, their price movements are largely independent.
Performance
COLB vs. RNST - Performance Comparison
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Returns By Period
In the year-to-date period, COLB achieves a 13.21% return, which is significantly lower than RNST's 21.03% return. Both investments have delivered pretty close results over the past 10 years, with COLB having a 5.40% annualized return and RNST not far ahead at 5.51%.
COLB
- 1D
- 1.05%
- 1M
- 5.15%
- YTD
- 13.21%
- 6M
- 9.04%
- 1Y
- 44.74%
- 3Y*
- 21.75%
- 5Y*
- 0.39%
- 10Y*
- 5.40%
RNST
- 1D
- 1.01%
- 1M
- 3.30%
- YTD
- 21.03%
- 6M
- 16.91%
- 1Y
- 25.07%
- 3Y*
- 18.72%
- 5Y*
- 3.34%
- 10Y*
- 5.51%
COLB vs. RNST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
COLB Columbia Banking System, Inc. | 13.21% | 9.36% | 8.05% | -5.86% | -4.26% | -6.24% | -8.16% | 15.54% | -14.36% | -0.65% |
RNST Renasant Corporation | 21.03% | 0.98% | 9.12% | -7.70% | 1.70% | 15.28% | -1.62% | 20.24% | -24.72% | -1.43% |
Correlation
The correlation between COLB and RNST is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jun 16, 1992 | 0.47 |
Over the past year, COLB and RNST have become more correlated (0.76) than their long-term average of 0.47, meaning their price movements have been converging.
Fundamentals
COLB:
$9.02B
RNST:
$3.97B
COLB:
$2.53
RNST:
$2.40
COLB:
12.22
RNST:
17.54
COLB:
2.42
RNST:
2.80
COLB:
1.18
RNST:
1.03
COLB:
$3.32B
RNST:
$1.43B
COLB:
$1.71B
RNST:
$614.94M
COLB:
$736.44M
RNST:
$182.62M
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Return for Risk
COLB vs. RNST — Risk / Return Rank
COLB
RNST
COLB vs. RNST - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Banking System, Inc. (COLB) and Renasant Corporation (RNST). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| COLB | RNST | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.55 | ||
| Sortino ratioReturn per unit of downside risk | +0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.18 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.45 | 1.46 | +0.98 |
| Martin ratioReturn relative to average drawdown | 6.70 | 3.26 | +3.44 |
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Drawdowns
COLB vs. RNST - Drawdown Comparison
The maximum COLB drawdown since its inception was -85.93%, which is greater than RNST's maximum drawdown of -73.06%. Use the drawdown chart below to compare losses from any high point for COLB and RNST.
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Drawdown Indicators
| COLB | RNST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.93% | -73.06% | -12.87% |
Max Drawdown (1Y)Largest decline over 1 year | -18.38% | -17.19% | -1.19% |
Max Drawdown (3Y)Largest decline over 3 years | -36.43% | -29.28% | -7.15% |
Max Drawdown (5Y)Largest decline over 5 years | -51.72% | -41.15% | -10.57% |
Max Drawdown (10Y)Largest decline over 10 years | -60.80% | -59.84% | -0.96% |
Current DrawdownCurrent decline from peak | -20.07% | -1.07% | -19.00% |
Average DrawdownAverage peak-to-trough decline | -27.54% | -19.23% | -8.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.69% | 7.71% | -1.02% |
Volatility
COLB vs. RNST - Volatility Comparison
Columbia Banking System, Inc. (COLB) and Renasant Corporation (RNST) have volatilities of 6.71% and 6.54%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COLB | RNST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.71% | 6.54% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 18.96% | 18.48% | +0.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.13% | 26.65% | +3.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.07% | 31.12% | +6.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.99% | 32.84% | +5.15% |
Dividends
COLB vs. RNST - Dividend Comparison
COLB's dividend yield for the trailing twelve months is around 4.76%, more than RNST's 2.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COLB Columbia Banking System, Inc. | 4.76% | 5.19% | 5.33% | 5.17% | 3.98% | 3.48% | 3.12% | 2.75% | 2.76% | 2.03% | 3.42% | 3.57% |
RNST Renasant Corporation | 2.18% | 2.53% | 2.46% | 2.61% | 2.34% | 2.32% | 2.61% | 2.46% | 2.65% | 1.79% | 1.68% | 1.98% |
Financials
COLB vs. RNST - Financials Comparison
This section allows you to compare key financial metrics between Columbia Banking System, Inc. and Renasant Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
COLB vs. RNST - Profitability Comparison
COLB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Columbia Banking System, Inc. reported a gross profit of 0.00 and revenue of 816.00M. Therefore, the gross margin over that period was 0.0%.
RNST - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Renasant Corporation reported a gross profit of 0.00 and revenue of 338.12M. Therefore, the gross margin over that period was 0.0%.
COLB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Columbia Banking System, Inc. reported an operating income of 0.00 and revenue of 816.00M, resulting in an operating margin of 0.0%.
RNST - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Renasant Corporation reported an operating income of 0.00 and revenue of 338.12M, resulting in an operating margin of 0.0%.
COLB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Columbia Banking System, Inc. reported a net income of 192.00M and revenue of 816.00M, resulting in a net margin of 23.5%.
RNST - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Renasant Corporation reported a net income of 88.23M and revenue of 338.12M, resulting in a net margin of 26.1%.
Frequently Asked Questions
COLB and RNST have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COLB has higher volatility (6.71%) compared to RNST (6.54%). In terms of maximum drawdown, COLB dropped -85.93% vs RNST's -73.06%.
COLB currently has the higher Sharpe Ratio (1.49 vs 0.95), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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