MCBS vs RBCAA: Correlation
Measured on weekly returns over the past three years, MetroCity Bankshares, Inc. (MCBS) and Republic Bancorp, Inc. (RBCAA) carry a correlation of 0.85, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MCBS and RBCAA?
Over the past 3 years, MCBS and RBCAA moved with a correlation of 0.85, which is very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.76 lands near the 3-year figure. Over 5 years the correlation is 0.73, and the annualized covariance of weekly returns is 670.0 %².
RBCAA is one of the assets that tracks MCBS most closely: it ranks #2 out of the 30 assets we track against MCBS. Twelve-month performance is nearly a tie, at +20.8% for MCBS and +25.1% for RBCAA.
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 RBCAA: side by side
| MCBS (MetroCity Bankshares, Inc.) | RBCAA (Republic Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +20.8% | +25.1% |
| 5-year return | +99.5% | +117.3% |
| Volatility (ann.) | 28.2% | 28.1% |
| Beta vs S&P 500 | 0.85 | 0.68 |
| Max drawdown (3Y) | -28.0% | -21.6% |
| Market cap | $1.0B | $1.8B |
| P/E (trailing) | 12.2 | 14.4 |
| Dividend yield | 2.95% | 2.01% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MCBS | RBCAA |
|---|---|---|
| 2022 | -19.3% | -16.9% |
| 2023 | +15.3% | +39.4% |
| 2024 | +37.1% | +30.3% |
| 2025 | -14.1% | +1.3% |
| 2026 | +35.8% | +38.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MCBS and RBCAA good diversifiers for each other?
No. With a correlation of 0.85, MCBS and RBCAA move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between MCBS and RBCAA?
As of 2026-08-27, the correlation of weekly returns between MCBS and RBCAA is 0.85 over 3 years, 0.76 over 1 year and 0.73 over 5 years.
Is RBCAA a good diversifier for MCBS?
No. With a correlation of 0.85, MCBS and RBCAA move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.85 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.
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Related comparisons
Hubs: MCBS correlations · RBCAA correlations
