ECBK vs MPB: Correlation
ECB Bancorp, Inc. (ECBK) and Mid Penn Bancorp (MPB) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ECBK and MPB?
Over the past 3 years, ECBK and MPB moved with a correlation of 0.48, which is moderate. The relationship has been stable: the 1-year correlation (0.57) sits close to the 3-year figure. Over 5 years the correlation is 0.50, and the annualized covariance of weekly returns is 310.6 %².
Among the 11 assets we track against ECBK, MPB ranks #5 by 3-year correlation. Twelve-month performance is nearly a tie, at +20.9% for ECBK and +25.2% for MPB.
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.
ECBK vs MPB: side by side
| ECBK (ECB Bancorp, Inc.) | MPB (Mid Penn Bancorp) | |
|---|---|---|
| 1-year return | +20.9% | +25.2% |
| 5-year return | n/a | +61.4% |
| Volatility (ann.) | 23.4% | 27.8% |
| Beta vs S&P 500 | 0.45 | 0.71 |
| Max drawdown (3Y) | -19.7% | -26.8% |
| Market cap | $0.2B | $0.9B |
| P/E (trailing) | 14.8 | 12.8 |
| Dividend yield | 0.00% | 2.42% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ECBK | MPB |
|---|---|---|
| 2022 | – | -2.9% |
| 2023 | -21.7% | -16.1% |
| 2024 | +18.2% | +22.8% |
| 2025 | +17.2% | +10.7% |
| 2026 | +19.2% | +20.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ECBK and MPB good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ECBK and MPB?
The ECBK/MPB correlation stands at 0.48 on a 3-year window (1 year: 0.57, 5 years: 0.50), computed from weekly returns as of 2026-08-27.
Is MPB a good diversifier for ECBK?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.48 mean?
A reading of 0.48 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ECBK correlations · MPB correlations
