MAC vs VBNK: Correlation
Measured on weekly returns over the past three years, Macerich Company (The) (MAC) and VersaBank (VBNK) 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 MAC and VBNK?
On 3 years of weekly data the MAC/VBNK correlation comes out at 0.44, moderate. The relationship has been stable: the 1-year correlation (0.38) sits close to the 3-year figure. The 5-year figure is 0.37, and annualized covariance runs at 663.4 %².
Within MAC's tracked universe of 19 assets, VBNK comes in at #14 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months VBNK outperformed by 48.6 percentage points (+34.5% for MAC against +83.1% for VBNK).
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 VBNK: side by side
| MAC (Macerich Company (The)) | VBNK (VersaBank) | |
|---|---|---|
| 1-year return | +34.5% | +83.1% |
| 5-year return | +75.7% | +102.0% |
| Volatility (ann.) | 36.7% | 40.6% |
| Beta vs S&P 500 | 1.22 | 0.80 |
| Max drawdown (3Y) | -39.6% | -50.5% |
| Market cap | $7.1B | $0.7B |
| P/E (trailing) | – | 30.1 |
| Dividend yield | 2.81% | 0.50% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MAC | VBNK |
|---|---|---|
| 2022 | -31.6% | -36.2% |
| 2023 | +45.7% | +47.0% |
| 2024 | +34.5% | +27.3% |
| 2025 | -3.7% | +8.8% |
| 2026 | +31.6% | +37.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MAC and VBNK good diversifiers for each other?
Reasonably. At 0.44, MAC and VBNK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MAC and VBNK?
As of 2026-08-27, the correlation of weekly returns between MAC and VBNK is 0.44 over 3 years, 0.38 over 1 year and 0.37 over 5 years.
Is VBNK a good diversifier for MAC?
Reasonably. At 0.44, MAC and VBNK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 mean?
A reading of 0.44 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mac-vs-vbnk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mac-vs-vbnk/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MAC correlations · VBNK correlations
