SSB vs. RF

Last updated Jun 4, 2026

SSB (SouthState Corporation) and RF (Regions Financial Corporation) are both stocks. Both operate in the Banks - Regional industry within the Financial Services sector. Over the past 10 years, SSB returned 4.97%/yr vs 15.25%/yr for RF. At a 0.49 correlation, their price movements are largely independent.

Performance

SSB vs. RF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SouthState Corporation (SSB) and Regions Financial Corporation (RF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SSB achieves a -0.84% return, which is significantly lower than RF's 3.05% return. Over the past 10 years, SSB has underperformed RF with an annualized return of 4.97%, while RF has yielded a comparatively higher 15.25% annualized return.

SSB

• 1D: -2.06%
• 1M: -3.80%
• YTD: -0.84%
• 6M: 1.81%
• 1Y: 6.71%
• 3Y*: 13.80%
• 5Y*: 3.10%
• 10Y*: 4.97%

RF

• 1D: -2.25%
• 1M: 0.01%
• YTD: 3.05%
• 6M: 6.59%
• 1Y: 32.36%
• 3Y*: 20.75%
• 5Y*: 8.57%
• 10Y*: 15.25%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SSB vs. RF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SSB SouthState Corporation	-0.84%	-3.05%	20.66%	13.79%	-2.39%	13.51%	-14.13%	47.99%	-30.04%	1.24%
RF Regions Financial Corporation	3.05%	21.99%	27.00%	-5.69%	2.33%	39.39%	-1.61%	33.35%	-20.59%	22.95%

Correlation

The correlation between SSB and RF is 0.78, 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	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (10Y) Calculated over the trailing 10-year period	0.77
Correlation (All Time) Calculated using the full available price history since Jan 29, 1997	0.49

Over the past year, SSB and RF have become more correlated (0.78) than their long-term average of 0.49, meaning their price movements have been converging.

Fundamentals

Market Cap SSB : $9.12B RF : $23.78B
EPS SSB : $9.28 RF : $2.51
PE Ratio SSB : 9.94 RF : 10.90
PS Ratio SSB : 2.53 RF : 2.52
PB Ratio SSB : 1.01 RF : 1.37
Total Revenue (TTM) SSB : $3.68B RF : $9.62B
Gross Profit (TTM) SSB : $2.04B RF : $7.29B
EBITDA (TTM) SSB : $1.11B RF : $2.90B

Return for Risk

SSB vs. RF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SSB

SSB Risk / Return Rank: 47
SSB Sharpe Ratio Rank: 51
SSB Sortino Ratio Rank: 43
SSB Omega Ratio Rank: 42
SSB Calmar Ratio Rank: 50
SSB Martin Ratio Rank: 49

RF

RF Risk / Return Rank: 73
RF Sharpe Ratio Rank: 78
RF Sortino Ratio Rank: 72
RF Omega Ratio Rank: 71
RF Calmar Ratio Rank: 71
RF Martin Ratio Rank: 72

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SSB vs. RF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SouthState Corporation (SSB) and Regions Financial Corporation (RF). 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.

	SSB	RF	Difference
Sharpe ratio: Return per unit of total volatility	0.27	1.32	-1.05
Sortino ratio: Return per unit of downside risk	0.54	1.85	-1.32
Omega ratio: Gain probability vs. loss probability	1.07	1.24	-0.17
Calmar ratio: Return relative to maximum drawdown	0.38	1.76	-1.38
Martin ratio: Return relative to average drawdown	0.77	4.23	-3.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SSB vs. RF - Sharpe Ratio Comparison

The current SSB Sharpe Ratio is 0.27, which is lower than the RF Sharpe Ratio of 1.32. The chart below compares the historical Sharpe Ratios of SSB and RF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SSB	RF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.27	1.32	-1.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.10	0.27	-0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.14	0.43	-0.28
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	0.18	+0.07

Drawdowns

SSB vs. RF - Drawdown Comparison

The maximum SSB drawdown since its inception was -58.21%, smaller than the maximum RF drawdown of -92.65%. Use the drawdown chart below to compare losses from any high point for SSB and RF.

Drawdown Indicators

	SSB	RF	Difference
Max Drawdown Largest peak-to-trough decline	-58.21%	-92.65%	+34.44%
Max Drawdown (1Y) Largest decline over 1 year	-17.84%	-18.45%	+0.61%
Max Drawdown (3Y) Largest decline over 3 years	-27.64%	-32.35%	+4.71%
Max Drawdown (5Y) Largest decline over 5 years	-32.70%	-40.99%	+8.29%
Max Drawdown (10Y) Largest decline over 10 years	-51.57%	-60.73%	+9.16%
Current Drawdown Current decline from peak	-14.56%	-9.77%	-4.79%
Average Drawdown Average peak-to-trough decline	-15.37%	-31.08%	+15.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.70%	7.67%	+1.03%

Volatility

SSB vs. RF - Volatility Comparison

SouthState Corporation (SSB) and Regions Financial Corporation (RF) have volatilities of 6.63% and 6.85%, 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.

Volatility by Period

	SSB	RF	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.63%	6.85%	-0.22%
Volatility (6M) Calculated over the trailing 6-month period	16.90%	17.88%	-0.98%
Volatility (1Y) Calculated over the trailing 1-year period	25.09%	24.75%	+0.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.77%	31.53%	+0.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.52%	35.92%	-1.40%

Dividends

SSB vs. RF - Dividend Comparison

SSB's dividend yield for the trailing twelve months is around 2.60%, less than RF's 3.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RF Regions Financial Corporation	3.87%	5.12%	4.17%	4.54%	3.43%	2.98%	3.85%	3.44%	3.44%	1.82%	1.78%	2.40%
SSB SouthState Corporation	2.60%	2.42%	2.13%	2.42%	2.59%	2.40%	2.60%	1.93%	2.30%	1.51%	1.38%	1.36%

Financials

SSB vs. RF - Profitability Comparison

The chart below illustrates the profitability comparison between SouthState Corporation and Regions Financial Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

SSB - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, SouthState Corporation reported a gross profit of 0.00 and revenue of 816.83M. Therefore, the gross margin over that period was 0.0%.

RF - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Regions Financial Corporation reported a gross profit of 1.78B and revenue of 2.33B. Therefore, the gross margin over that period was 76.6%.

SSB - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, SouthState Corporation reported an operating income of 100.10M and revenue of 816.83M, resulting in an operating margin of 12.3%.

RF - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Regions Financial Corporation reported an operating income of 714.00M and revenue of 2.33B, resulting in an operating margin of 30.7%.

SSB - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, SouthState Corporation reported a net income of 225.82M and revenue of 816.83M, resulting in a net margin of 27.7%.

RF - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Regions Financial Corporation reported a net income of 559.00M and revenue of 2.33B, resulting in a net margin of 24.0%.

Frequently Asked Questions

Can I hold both SSB and RF in my portfolio?

SSB and RF have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SSB or RF?

RF has higher volatility (6.85%) compared to SSB (6.63%). In terms of maximum drawdown, SSB dropped -58.21% vs RF's -92.65%.

Which has better risk-adjusted returns?

RF currently has the higher Sharpe Ratio (1.32 vs 0.27), 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.