MBBC vs NLOP: Correlation
Measured on weekly returns over the past three years, Marathon Bancorp, Inc. (MBBC) and Net Lease Office Properties (NLOP) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MBBC and NLOP?
Across a 3-year window, the weekly returns of MBBC and NLOP correlate at 0.35, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.09 versus 0.35 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of 424.4 %².
By 3-year correlation, NLOP places #4 of the 13 assets tracked against MBBC. The last year tells two different stories: MBBC led by 40.3 percentage points, +48.3% for MBBC against +8.0% for NLOP.
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.
MBBC vs NLOP: side by side
| MBBC (Marathon Bancorp, Inc.) | NLOP (Net Lease Office Properties) | |
|---|---|---|
| 1-year return | +48.3% | +8.0% |
| 5-year return | +103.0% | n/a |
| Volatility (ann.) | 31.3% | 39.2% |
| Beta vs S&P 500 | -0.07 | 0.18 |
| Max drawdown (3Y) | -28.3% | -46.0% |
| Market cap | – | $0.2B |
| P/E (trailing) | 36.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MBBC | NLOP |
|---|---|---|
| 2022 | +4.7% | – |
| 2023 | -17.0% | – |
| 2024 | +49.9% | +68.9% |
| 2025 | +19.2% | +5.9% |
| 2026 | +26.6% | +8.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MBBC and NLOP good diversifiers for each other?
Reasonably. At 0.35, MBBC and NLOP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MBBC and NLOP?
The MBBC/NLOP correlation stands at 0.35 on a 3-year window (1 year: 0.09, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is NLOP a good diversifier for MBBC?
Reasonably. At 0.35, MBBC and NLOP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 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.
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Related comparisons
Hubs: MBBC correlations · NLOP correlations
