MAC vs USB: Correlation
How closely do Macerich Company (The) (MAC) and U.S. Bancorp (USB) trade together? Their weekly returns over three years give a correlation of 0.70, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MAC and USB?
On 3 years of weekly data the MAC/USB correlation comes out at 0.70, strong. The relationship has been stable: the 1-year correlation (0.61) sits close to the 3-year figure. The 5-year figure is 0.64, and annualized covariance runs at 697.0 %².
Among the 19 assets we track against MAC, USB ranks #5 by 3-year correlation. Neither side won the trailing year by much: +34.5% against +33.1%.
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 USB: side by side
| MAC (Macerich Company (The)) | USB (U.S. Bancorp) | |
|---|---|---|
| 1-year return | +34.5% | +33.1% |
| 5-year return | +75.7% | +36.0% |
| Volatility (ann.) | 36.7% | 27.3% |
| Beta vs S&P 500 | 1.22 | 1.09 |
| Max drawdown (3Y) | -39.6% | -30.6% |
| Market cap | $7.1B | $97.2B |
| P/E (trailing) | – | 12.5 |
| Dividend yield | 2.81% | 3.31% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | MAC | USB |
|---|---|---|
| 2022 | -31.6% | -19.1% |
| 2023 | +45.7% | +4.8% |
| 2024 | +34.5% | +15.6% |
| 2025 | -3.7% | +16.5% |
| 2026 | +31.6% | +19.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MAC and USB good diversifiers for each other?
Only partially. A correlation of 0.70 means MAC and USB 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 MAC and USB?
Using weekly returns as of 2026-08-27: 0.70 over 3 years, with 0.61 over the last year and 0.64 over 5 years.
Is USB a good diversifier for MAC?
Only partially. A correlation of 0.70 means MAC and USB share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.70 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-usb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mac-vs-usb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MAC correlations · USB correlations
