FUSB vs MGYR: Correlation
How closely do First US Bancshares, Inc. (FUSB) and Magyar Bancorp, Inc. (MGYR) trade together? Their weekly returns over three years give a correlation of 0.29, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FUSB and MGYR?
On 3 years of weekly data the FUSB/MGYR correlation comes out at 0.29, weak. Recent behaviour matches the longer record: 0.21 over 1 year against 0.29 over 3. The 5-year figure is 0.28, and annualized covariance runs at 137.1 %².
In FUSB's tracked universe of 16 assets, MGYR sits right near the top at #3. The last year tells two different stories: FUSB led by 37.8 percentage points, +54.3% for FUSB against +16.5% for MGYR.
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.
FUSB vs MGYR: side by side
| FUSB (First US Bancshares, Inc.) | MGYR (Magyar Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +54.3% | +16.5% |
| 5-year return | +66.8% | +102.3% |
| Volatility (ann.) | 26.1% | 18.1% |
| Beta vs S&P 500 | 0.21 | 0.26 |
| Max drawdown (3Y) | -23.2% | -18.2% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | 12.4 | 10.5 |
| Dividend yield | 1.70% | 1.63% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FUSB | MGYR |
|---|---|---|
| 2022 | -16.7% | +6.1% |
| 2023 | +21.6% | -10.7% |
| 2024 | +24.5% | +32.6% |
| 2025 | +13.4% | +20.5% |
| 2026 | +18.1% | +14.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FUSB and MGYR good diversifiers for each other?
Reasonably. At 0.29, FUSB and MGYR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FUSB and MGYR?
Using weekly returns as of 2026-08-27: 0.29 over 3 years, with 0.21 over the last year and 0.28 over 5 years.
Is MGYR a good diversifier for FUSB?
Reasonably. At 0.29, FUSB and MGYR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.29 mean?
On the −1 to +1 scale, 0.29 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/fusb-vs-mgyr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fusb-vs-mgyr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FUSB correlations · MGYR correlations
