JMSB vs MCBS: Correlation
John Marshall Bancorp, Inc. (JMSB) and MetroCity Bankshares, Inc. (MCBS) show a strong relationship: their 3-year correlation of weekly returns is 0.67.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JMSB and MCBS?
Across a 3-year window, the weekly returns of JMSB and MCBS correlate at 0.67, strong. The relationship has been stable: the 1-year correlation (0.60) sits close to the 3-year figure. Stretching to 5 years gives 0.46, with an annualized covariance of 602.2 %².
Among the 10 assets we track against JMSB, MCBS ranks #4 by 3-year correlation. Over the last 12 months MCBS came out ahead by 7.0 percentage points (+13.8% against +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.
JMSB vs MCBS: side by side
| JMSB (John Marshall Bancorp, Inc.) | MCBS (MetroCity Bankshares, Inc.) | |
|---|---|---|
| 1-year return | +13.8% | +20.8% |
| 5-year return | +32.1% | +99.5% |
| Volatility (ann.) | 31.7% | 28.2% |
| Beta vs S&P 500 | 0.65 | 0.85 |
| Max drawdown (3Y) | -45.4% | -28.0% |
| Market cap | $0.3B | $1.0B |
| P/E (trailing) | 13.1 | 12.2 |
| Dividend yield | 0.79% | 2.95% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JMSB | MCBS |
|---|---|---|
| 2022 | +45.8% | -19.3% |
| 2023 | -20.8% | +15.3% |
| 2024 | -9.7% | +37.1% |
| 2025 | +1.2% | -14.1% |
| 2026 | +14.5% | +35.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JMSB and MCBS good diversifiers for each other?
Only partially. A correlation of 0.67 means JMSB and MCBS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between JMSB and MCBS?
Using weekly returns as of 2026-08-27: 0.67 over 3 years, with 0.60 over the last year and 0.46 over 5 years.
Is MCBS a good diversifier for JMSB?
Only partially. A correlation of 0.67 means JMSB and MCBS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.67 mean?
A reading of 0.67 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: JMSB correlations · MCBS correlations
