BANC vs MEC: Correlation
How closely do Banc of California, Inc. (BANC) and Mayville Engineering Company, Inc. (MEC) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BANC and MEC?
Over the past 3 years, BANC and MEC moved with a correlation of 0.44, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.55 versus 0.44 over 3 years. Over 5 years the correlation is 0.41, and the annualized covariance of weekly returns is 728.9 %².
Among the 14 assets we track against BANC, MEC ranks #9 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MEC outperformed by 24.8 percentage points (+14.7% for BANC against +39.5% for MEC).
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.
BANC vs MEC: side by side
| BANC (Banc of California, Inc.) | MEC (Mayville Engineering Company, Inc.) | |
|---|---|---|
| 1-year return | +14.7% | +39.5% |
| 5-year return | +18.5% | +34.1% |
| Volatility (ann.) | 33.4% | 49.2% |
| Beta vs S&P 500 | 1.08 | 0.79 |
| Max drawdown (3Y) | -31.2% | -45.8% |
| Market cap | $3.0B | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 2.34% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BANC | MEC |
|---|---|---|
| 2022 | -17.7% | -15.1% |
| 2023 | -13.0% | +13.9% |
| 2024 | +18.3% | +9.0% |
| 2025 | +28.0% | +19.1% |
| 2026 | -1.6% | +8.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BANC and MEC good diversifiers for each other?
Reasonably. At 0.44, BANC and MEC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BANC and MEC?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.55 over the last year and 0.41 over 5 years.
Is MEC a good diversifier for BANC?
Reasonably. At 0.44, BANC and MEC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 mean?
A reading of 0.44 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/banc-vs-mec.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/banc-vs-mec/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BANC correlations · MEC correlations
