MBWM vs WSBC: Correlation
Mercantile Bank Corporation (MBWM) and WesBanco, Inc. (WSBC) show a very strong relationship: their 3-year correlation of weekly returns is 0.90.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MBWM and WSBC?
On 3 years of weekly data the MBWM/WSBC correlation comes out at 0.90, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.88 lands near the 3-year figure. The 5-year figure is 0.85, and annualized covariance runs at 757.1 %².
In MBWM's tracked universe of 26 assets, WSBC sits right near the top at #1. Neither side won the trailing year by much: +23.7% against +28.6%.
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 WSBC: side by side
| MBWM (Mercantile Bank Corporation) | WSBC (WesBanco, Inc.) | |
|---|---|---|
| 1-year return | +23.7% | +28.6% |
| 5-year return | +126.2% | +48.2% |
| Volatility (ann.) | 29.8% | 28.3% |
| Beta vs S&P 500 | 0.82 | 0.77 |
| Max drawdown (3Y) | -25.0% | -26.9% |
| Market cap | $1.0B | $3.9B |
| P/E (trailing) | 10.5 | 11.5 |
| Dividend yield | 2.57% | 3.73% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MBWM | WSBC |
|---|---|---|
| 2022 | -0.8% | +9.9% |
| 2023 | +25.8% | -10.9% |
| 2024 | +14.0% | +8.8% |
| 2025 | +11.7% | +7.0% |
| 2026 | +26.1% | +24.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MBWM and WSBC good diversifiers for each other?
No: a correlation of 0.90 means MBWM and WSBC tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between MBWM and WSBC?
The MBWM/WSBC correlation stands at 0.90 on a 3-year window (1 year: 0.88, 5 years: 0.85), computed from weekly returns as of 2026-08-27.
Is WSBC a good diversifier for MBWM?
No: a correlation of 0.90 means MBWM and WSBC tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.90 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/mbwm-vs-wsbc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mbwm-vs-wsbc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MBWM correlations · WSBC correlations
