FSBC vs MEC: Correlation
Measured on weekly returns over the past three years, Five Star Bancorp (FSBC) and Mayville Engineering Company, Inc. (MEC) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FSBC and MEC?
Across a 3-year window, the weekly returns of FSBC and MEC correlate at 0.44, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.60 versus 0.44 over 3 years. Stretching to 5 years gives 0.32, with an annualized covariance of 584.3 %².
By 3-year correlation, MEC places #11 of the 18 assets tracked against FSBC. Their 12-month results are close: +40.6% for FSBC against +39.5% for MEC. One caveat on sizing: MEC is 1.8 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.
FSBC vs MEC: side by side
| FSBC (Five Star Bancorp) | MEC (Mayville Engineering Company, Inc.) | |
|---|---|---|
| 1-year return | +40.6% | +39.5% |
| 5-year return | +117.2% | +34.1% |
| Volatility (ann.) | 27.1% | 49.2% |
| Beta vs S&P 500 | 0.82 | 0.79 |
| Max drawdown (3Y) | -24.5% | -45.8% |
| Market cap | $1.1B | $0.5B |
| P/E (trailing) | 13.4 | – |
| Dividend yield | 2.10% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FSBC | MEC |
|---|---|---|
| 2022 | -7.2% | -15.1% |
| 2023 | -0.6% | +13.9% |
| 2024 | +18.6% | +9.0% |
| 2025 | +22.1% | +19.1% |
| 2026 | +28.8% | +8.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FSBC and MEC good diversifiers for each other?
Reasonably. At 0.44, FSBC and MEC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FSBC and MEC?
As of 2026-08-27, the correlation of weekly returns between FSBC and MEC is 0.44 over 3 years, 0.60 over 1 year and 0.32 over 5 years.
Is MEC a good diversifier for FSBC?
Reasonably. At 0.44, FSBC and MEC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fsbc-vs-mec.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fsbc-vs-mec/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FSBC correlations · MEC correlations
