FRPH vs MCBS: Correlation
Measured on weekly returns over the past three years, FRP Holdings, Inc. (FRPH) and MetroCity Bankshares, Inc. (MCBS) carry a correlation of 0.54, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FRPH and MCBS?
Across a 3-year window, the weekly returns of FRPH and MCBS correlate at 0.54, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.35 versus 0.54 over 3 years. Stretching to 5 years gives 0.41, with an annualized covariance of 304.0 %².
In FRPH's tracked universe of 11 assets, MCBS sits right near the top at #2. Correlation aside, the last 12 months split them widely, with MCBS ahead by 34.7 points (-13.9% versus +20.8%).
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.
FRPH vs MCBS: side by side
| FRPH (FRP Holdings, Inc.) | MCBS (MetroCity Bankshares, Inc.) | |
|---|---|---|
| 1-year return | -13.9% | +20.8% |
| 5-year return | -22.9% | +99.5% |
| Volatility (ann.) | 20.1% | 28.2% |
| Beta vs S&P 500 | 0.38 | 0.85 |
| Max drawdown (3Y) | -36.2% | -28.0% |
| Market cap | $0.4B | $1.0B |
| P/E (trailing) | 2223.0 | 12.2 |
| Dividend yield | 0.00% | 2.95% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FRPH | MCBS |
|---|---|---|
| 2022 | -6.8% | -19.3% |
| 2023 | +16.7% | +15.3% |
| 2024 | -2.6% | +37.1% |
| 2025 | -25.6% | -14.1% |
| 2026 | -2.5% | +35.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FRPH and MCBS good diversifiers for each other?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between FRPH and MCBS?
As of 2026-08-27, the correlation of weekly returns between FRPH and MCBS is 0.54 over 3 years, 0.35 over 1 year and 0.41 over 5 years.
Is MCBS a good diversifier for FRPH?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.54 mean?
On the −1 to +1 scale, 0.54 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: FRPH correlations · MCBS correlations
