MCB vs WSBC: Correlation
How closely do Metropolitan Bank Holding Corp. (MCB) and WesBanco, Inc. (WSBC) trade together? Their weekly returns over three years give a correlation of 0.78, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MCB and WSBC?
Over the past 3 years, MCB and WSBC moved with a correlation of 0.78, which is strong. The past 12 months show a weaker link (0.66) than the 3-year average (0.78). Over 5 years the correlation is 0.72, and the annualized covariance of weekly returns is 962.8 %².
By 3-year correlation, WSBC places #5 of the 10 assets tracked against MCB. On 12-month performance WSBC holds a 11.1-point edge, +17.5% against +28.6%. One caveat on sizing: MCB is 1.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 WSBC: side by side
| MCB (Metropolitan Bank Holding Corp.) | WSBC (WesBanco, Inc.) | |
|---|---|---|
| 1-year return | +17.5% | +28.6% |
| 5-year return | +20.3% | +48.2% |
| Volatility (ann.) | 43.5% | 28.3% |
| Beta vs S&P 500 | 0.94 | 0.77 |
| Max drawdown (3Y) | -42.3% | -26.9% |
| Market cap | $1.1B | $3.9B |
| P/E (trailing) | 11.7 | 11.5 |
| Dividend yield | 0.82% | 3.73% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MCB | WSBC |
|---|---|---|
| 2022 | -44.9% | +9.9% |
| 2023 | -5.6% | -10.9% |
| 2024 | +5.5% | +8.8% |
| 2025 | +31.3% | +7.0% |
| 2026 | +21.1% | +24.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MCB and WSBC good diversifiers for each other?
Only partially. A correlation of 0.78 means MCB and WSBC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between MCB and WSBC?
As of 2026-08-27, the correlation of weekly returns between MCB and WSBC is 0.78 over 3 years, 0.66 over 1 year and 0.72 over 5 years.
Is WSBC a good diversifier for MCB?
Only partially. A correlation of 0.78 means MCB and WSBC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.78 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/mcb-vs-wsbc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mcb-vs-wsbc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MCB correlations · WSBC correlations
