FINW vs MRBK: Correlation
Measured on weekly returns over the past three years, FinWise Bancorp (FINW) and Meridian Corporation (MRBK) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FINW and MRBK?
Across a 3-year window, the weekly returns of FINW and MRBK correlate at 0.48, moderate. Recent behaviour matches the longer record: 0.43 over 1 year against 0.48 over 3. Stretching to 5 years gives 0.41, with an annualized covariance of 648.2 %².
MRBK is one of the assets that tracks FINW most closely: it ranks #1 out of the 11 assets we track against FINW. The last year tells two different stories: MRBK led by 55.2 percentage points, -28.5% for FINW against +26.7% for MRBK.
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.
FINW vs MRBK: side by side
| FINW (FinWise Bancorp) | MRBK (Meridian Corporation) | |
|---|---|---|
| 1-year return | -28.5% | +26.7% |
| 5-year return | +9.2% | +64.7% |
| Volatility (ann.) | 37.8% | 35.7% |
| Beta vs S&P 500 | 0.54 | 0.96 |
| Max drawdown (3Y) | -42.3% | -39.2% |
| Market cap | $0.2B | $0.2B |
| P/E (trailing) | 14.6 | 10.6 |
| Dividend yield | 0.00% | 2.81% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FINW | MRBK |
|---|---|---|
| 2022 | -32.8% | -13.3% |
| 2023 | +54.5% | -4.1% |
| 2024 | +11.7% | +3.4% |
| 2025 | +12.3% | +32.7% |
| 2026 | -22.5% | +12.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FINW and MRBK good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FINW and MRBK?
The FINW/MRBK correlation stands at 0.48 on a 3-year window (1 year: 0.43, 5 years: 0.41), computed from weekly returns as of 2026-08-27.
Is MRBK a good diversifier for FINW?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
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.
Use this data
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[](https://www.pairbook.io/pair/finw-vs-mrbk/)
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Related comparisons
Hubs: FINW correlations · MRBK correlations
