MCBS vs PCYO: Correlation
How closely do MetroCity Bankshares, Inc. (MCBS) and Pure Cycle Corporation (PCYO) trade together? Their weekly returns over three years give a correlation of 0.60, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MCBS and PCYO?
Across a 3-year window, the weekly returns of MCBS and PCYO correlate at 0.60, strong. The past 12 months show a weaker link (0.29) than the 3-year average (0.60). Stretching to 5 years gives 0.45, with an annualized covariance of 464.5 %².
By 3-year correlation, PCYO places #12 of the 30 assets tracked against MCBS. On 12-month performance MCBS holds a 8.9-point edge, +20.8% against +11.9%.
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.
MCBS vs PCYO: side by side
| MCBS (MetroCity Bankshares, Inc.) | PCYO (Pure Cycle Corporation) | |
|---|---|---|
| 1-year return | +20.8% | +11.9% |
| 5-year return | +99.5% | -24.0% |
| Volatility (ann.) | 28.2% | 27.7% |
| Beta vs S&P 500 | 0.85 | 0.73 |
| Max drawdown (3Y) | -28.0% | -33.4% |
| Market cap | $1.0B | $0.3B |
| P/E (trailing) | 12.2 | 18.7 |
| Dividend yield | 2.95% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MCBS | PCYO |
|---|---|---|
| 2022 | -19.3% | -28.2% |
| 2023 | +15.3% | -0.1% |
| 2024 | +37.1% | +21.1% |
| 2025 | -14.1% | -13.3% |
| 2026 | +35.8% | +4.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MCBS and PCYO good diversifiers for each other?
To a limited degree. At 0.60 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between MCBS and PCYO?
Using weekly returns as of 2026-08-27: 0.60 over 3 years, with 0.29 over the last year and 0.45 over 5 years.
Is PCYO a good diversifier for MCBS?
To a limited degree. At 0.60 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.60 mean?
On the −1 to +1 scale, 0.60 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mcbs-vs-pcyo.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mcbs-vs-pcyo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MCBS correlations · PCYO correlations
