MAC vs SBFG: Correlation
How closely do Macerich Company (The) (MAC) and SB Financial Group, Inc. (SBFG) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MAC and SBFG?
Across a 3-year window, the weekly returns of MAC and SBFG correlate at 0.44, moderate. Little has changed lately, as the 1-year reading of 0.51 lands near the 3-year figure. Stretching to 5 years gives 0.35, with an annualized covariance of 479.8 %².
Within MAC's tracked universe of 19 assets, SBFG comes in at #13 by 3-year correlation. Twelve-month performance is nearly a tie, at +34.5% for MAC and +35.2% for SBFG.
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.
MAC vs SBFG: side by side
| MAC (Macerich Company (The)) | SBFG (SB Financial Group, Inc.) | |
|---|---|---|
| 1-year return | +34.5% | +35.2% |
| 5-year return | +75.7% | +88.6% |
| Volatility (ann.) | 36.7% | 29.8% |
| Beta vs S&P 500 | 1.22 | 0.34 |
| Max drawdown (3Y) | -39.6% | -27.8% |
| Market cap | $7.1B | $0.2B |
| P/E (trailing) | – | 10.3 |
| Dividend yield | 2.81% | 2.25% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MAC | SBFG |
|---|---|---|
| 2022 | -31.6% | -7.0% |
| 2023 | +45.7% | -5.9% |
| 2024 | +34.5% | +41.1% |
| 2025 | -3.7% | +9.5% |
| 2026 | +31.6% | +27.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MAC and SBFG good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MAC and SBFG?
The MAC/SBFG correlation stands at 0.44 on a 3-year window (1 year: 0.51, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is SBFG a good diversifier for MAC?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mac-vs-sbfg.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mac-vs-sbfg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MAC correlations · SBFG correlations
