EQBK vs MBI: Correlation
Measured on weekly returns over the past three years, Equity Bancshares, Inc. (EQBK) and MBIA Inc. (MBI) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EQBK and MBI?
On 3 years of weekly data the EQBK/MBI correlation comes out at 0.49, moderate. The past 12 months show a weaker link (0.34) than the 3-year average (0.49). The 5-year figure is 0.40, and annualized covariance runs at 967.9 %².
By 3-year correlation, MBI places #7 of the 15 assets tracked against EQBK. Correlation aside, the last 12 months split them widely, with EQBK ahead by 64.7 points (+23.7% versus -41.0%). One caveat on sizing: MBI is 2.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
EQBK vs MBI: side by side
| EQBK (Equity Bancshares, Inc.) | MBI (MBIA Inc.) | |
|---|---|---|
| 1-year return | +23.7% | -41.0% |
| 5-year return | +67.0% | -0.5% |
| Volatility (ann.) | 28.8% | 68.8% |
| Beta vs S&P 500 | 0.76 | 0.81 |
| Max drawdown (3Y) | -28.3% | -51.9% |
| Market cap | $1.0B | $0.2B |
| P/E (trailing) | 31.5 | – |
| Dividend yield | 1.45% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EQBK | MBI |
|---|---|---|
| 2022 | -2.6% | -18.6% |
| 2023 | +5.5% | +9.2% |
| 2024 | +26.9% | +5.6% |
| 2025 | +6.9% | +10.8% |
| 2026 | +12.2% | -33.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EQBK and MBI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between EQBK and MBI?
The EQBK/MBI correlation stands at 0.49 on a 3-year window (1 year: 0.34, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is MBI a good diversifier for EQBK?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 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: EQBK correlations · MBI correlations
