BWB vs MNSB: Correlation
How closely do Bridgewater Bancshares, Inc. (BWB) and MainStreet Bancshares, Inc. (MNSB) trade together? Their weekly returns over three years give a correlation of 0.66, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BWB and MNSB?
Across a 3-year window, the weekly returns of BWB and MNSB correlate at 0.66, strong. Little has changed lately, as the 1-year reading of 0.72 lands near the 3-year figure. Stretching to 5 years gives 0.57, with an annualized covariance of 632.2 %².
By 3-year correlation, MNSB places #6 of the 13 assets tracked against BWB. Correlation aside, the last 12 months split them widely, with BWB ahead by 17.2 points (+29.6% versus +12.4%).
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.
BWB vs MNSB: side by side
| BWB (Bridgewater Bancshares, Inc.) | MNSB (MainStreet Bancshares, Inc.) | |
|---|---|---|
| 1-year return | +29.6% | +12.4% |
| 5-year return | +31.0% | +17.5% |
| Volatility (ann.) | 30.6% | 31.1% |
| Beta vs S&P 500 | 1.00 | 0.55 |
| Max drawdown (3Y) | -22.2% | -40.5% |
| Market cap | $0.6B | $0.2B |
| P/E (trailing) | 11.5 | 12.2 |
| Dividend yield | 0.00% | 1.61% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BWB | MNSB |
|---|---|---|
| 2022 | +0.3% | +12.9% |
| 2023 | -23.8% | -8.2% |
| 2024 | -0.1% | -25.3% |
| 2025 | +29.8% | +15.0% |
| 2026 | +21.6% | +25.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BWB and MNSB good diversifiers for each other?
Somewhat, no more. With 0.66 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BWB and MNSB?
The BWB/MNSB correlation stands at 0.66 on a 3-year window (1 year: 0.72, 5 years: 0.57), computed from weekly returns as of 2026-08-27.
Is MNSB a good diversifier for BWB?
Somewhat, no more. With 0.66 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.66 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bwb-vs-mnsb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bwb-vs-mnsb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BWB correlations · MNSB correlations
