DJCO vs MCBS: Correlation
Measured on weekly returns over the past three years, Daily Journal Corp. (S.C.) (DJCO) and MetroCity Bankshares, Inc. (MCBS) carry a correlation of 0.53, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DJCO and MCBS?
Across a 3-year window, the weekly returns of DJCO and MCBS correlate at 0.53, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.39 versus 0.53 over 3 years. Stretching to 5 years gives 0.43, with an annualized covariance of 586.8 %².
In DJCO's tracked universe of 11 assets, MCBS sits right near the top at #3. The trailing year gives DJCO the advantage: +35.1% versus +20.8%, a 14.3-point spread.
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.
DJCO vs MCBS: side by side
| DJCO (Daily Journal Corp. (S.C.)) | MCBS (MetroCity Bankshares, Inc.) | |
|---|---|---|
| 1-year return | +35.1% | +20.8% |
| 5-year return | +91.2% | +99.5% |
| Volatility (ann.) | 39.6% | 28.2% |
| Beta vs S&P 500 | 0.79 | 0.85 |
| Max drawdown (3Y) | -38.0% | -28.0% |
| Market cap | $0.9B | $1.0B |
| P/E (trailing) | – | 12.2 |
| Dividend yield | 0.00% | 2.95% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DJCO | MCBS |
|---|---|---|
| 2022 | -29.8% | -19.3% |
| 2023 | +36.1% | +15.3% |
| 2024 | +66.7% | +37.1% |
| 2025 | -14.2% | -14.1% |
| 2026 | +29.5% | +35.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DJCO and MCBS good diversifiers for each other?
Only partially. A correlation of 0.53 means DJCO and MCBS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between DJCO and MCBS?
As of 2026-08-27, the correlation of weekly returns between DJCO and MCBS is 0.53 over 3 years, 0.39 over 1 year and 0.43 over 5 years.
Is MCBS a good diversifier for DJCO?
Only partially. A correlation of 0.53 means DJCO and MCBS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 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.
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Related comparisons
Hubs: DJCO correlations · MCBS correlations
