MBWM vs PFIS: Correlation
Mercantile Bank Corporation (MBWM) and Peoples Financial Services Corp. (PFIS) show a strong relationship: their 3-year correlation of weekly returns is 0.78.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MBWM and PFIS?
Across a 3-year window, the weekly returns of MBWM and PFIS correlate at 0.78, strong. Little has changed lately, as the 1-year reading of 0.87 lands near the 3-year figure. Stretching to 5 years gives 0.71, with an annualized covariance of 706.0 %².
Within MBWM's tracked universe of 26 assets, PFIS comes in at #15 by 3-year correlation. On 12-month performance PFIS holds a 11.8-point edge, +23.7% against +35.5%.
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.
MBWM vs PFIS: side by side
| MBWM (Mercantile Bank Corporation) | PFIS (Peoples Financial Services Corp.) | |
|---|---|---|
| 1-year return | +23.7% | +35.5% |
| 5-year return | +126.2% | +82.0% |
| Volatility (ann.) | 29.8% | 30.5% |
| Beta vs S&P 500 | 0.82 | 0.66 |
| Max drawdown (3Y) | -25.0% | -29.1% |
| Market cap | $1.0B | $0.7B |
| P/E (trailing) | 10.5 | 12.3 |
| Dividend yield | 2.57% | 3.56% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MBWM | PFIS |
|---|---|---|
| 2022 | -0.8% | +1.5% |
| 2023 | +25.8% | -2.5% |
| 2024 | +14.0% | +9.9% |
| 2025 | +11.7% | +0.0% |
| 2026 | +26.1% | +45.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MBWM and PFIS good diversifiers for each other?
Somewhat, no more. With 0.78 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between MBWM and PFIS?
The MBWM/PFIS correlation stands at 0.78 on a 3-year window (1 year: 0.87, 5 years: 0.71), computed from weekly returns as of 2026-08-27.
Is PFIS a good diversifier for MBWM?
Somewhat, no more. With 0.78 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.78 mean?
A reading of 0.78 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/mbwm-vs-pfis.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mbwm-vs-pfis/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MBWM correlations · PFIS correlations
