MCB vs PFS: Correlation
Measured on weekly returns over the past three years, Metropolitan Bank Holding Corp. (MCB) and Provident Financial Services, Inc (PFS) carry a correlation of 0.80, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MCB and PFS?
Over the past 3 years, MCB and PFS moved with a correlation of 0.80, which is very strong, meaning they move nearly in lockstep. The link has loosened recently: the 1-year correlation (0.69) runs below the 3-year figure (0.80). Over 5 years the correlation is 0.72, and the annualized covariance of weekly returns is 1061.3 %².
PFS is one of the assets that tracks MCB most closely: it ranks #2 out of the 10 assets we track against MCB. On 12-month performance PFS holds a 6.4-point edge, +17.5% against +23.9%.
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.
MCB vs PFS: side by side
| MCB (Metropolitan Bank Holding Corp.) | PFS (Provident Financial Services, Inc) | |
|---|---|---|
| 1-year return | +17.5% | +23.9% |
| 5-year return | +20.3% | +37.5% |
| Volatility (ann.) | 43.5% | 30.4% |
| Beta vs S&P 500 | 0.94 | 0.87 |
| Max drawdown (3Y) | -42.3% | -31.3% |
| Market cap | $1.1B | $3.1B |
| P/E (trailing) | 11.7 | 9.8 |
| Dividend yield | 0.82% | 2.04% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MCB | PFS |
|---|---|---|
| 2022 | -44.9% | -8.0% |
| 2023 | -5.6% | -10.8% |
| 2024 | +5.5% | +10.7% |
| 2025 | +31.3% | +10.2% |
| 2026 | +21.1% | +23.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MCB and PFS good diversifiers for each other?
Not really. At 0.80, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between MCB and PFS?
Using weekly returns as of 2026-08-27: 0.80 over 3 years, with 0.69 over the last year and 0.72 over 5 years.
Is PFS a good diversifier for MCB?
Not really. At 0.80, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.80 mean?
A reading of 0.80 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/mcb-vs-pfs.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mcb-vs-pfs/)
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Related comparisons
Hubs: MCB correlations · PFS correlations
