EBF vs MCBS: Correlation
How closely do Ennis, Inc. (EBF) and MetroCity Bankshares, Inc. (MCBS) trade together? Their weekly returns over three years give a correlation of 0.59, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EBF and MCBS?
Across a 3-year window, the weekly returns of EBF and MCBS correlate at 0.59, moderate. Little has changed lately, as the 1-year reading of 0.63 lands near the 3-year figure. Stretching to 5 years gives 0.55, with an annualized covariance of 304.0 %².
Few assets follow EBF as closely as MCBS, which ranks #1 of 11 tracked partners. Their 12-month results are close: +22.1% for EBF against +20.8% for MCBS. Risk is not evenly split, since MCBS carries 1.5 times the volatility of the other side.
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.
EBF vs MCBS: side by side
| EBF (Ennis, Inc.) | MCBS (MetroCity Bankshares, Inc.) | |
|---|---|---|
| 1-year return | +22.1% | +20.8% |
| 5-year return | +57.8% | +99.5% |
| Volatility (ann.) | 18.2% | 28.2% |
| Beta vs S&P 500 | 0.29 | 0.85 |
| Max drawdown (3Y) | -22.8% | -28.0% |
| Market cap | – | $1.0B |
| P/E (trailing) | 12.9 | 12.2 |
| Dividend yield | 4.66% | 2.95% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EBF | MCBS |
|---|---|---|
| 2022 | +19.4% | -19.3% |
| 2023 | +3.6% | +15.3% |
| 2024 | +12.6% | +37.1% |
| 2025 | -10.0% | -14.1% |
| 2026 | +23.7% | +35.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EBF and MCBS good diversifiers for each other?
Only partially. A correlation of 0.59 means EBF 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 EBF and MCBS?
Using weekly returns as of 2026-08-27: 0.59 over 3 years, with 0.63 over the last year and 0.55 over 5 years.
Is MCBS a good diversifier for EBF?
Only partially. A correlation of 0.59 means EBF 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 0.59 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: EBF correlations · MCBS correlations
