MCBS vs SBSI: Correlation
How closely do MetroCity Bankshares, Inc. (MCBS) and Southside Bancshares, Inc. (SBSI) trade together? Their weekly returns over three years give a correlation of 0.84, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MCBS and SBSI?
On 3 years of weekly data the MCBS/SBSI correlation comes out at 0.84, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.78 lands near the 3-year figure. The 5-year figure is 0.70, and annualized covariance runs at 581.6 %².
Within MCBS's tracked universe of 30 assets, SBSI comes in at #4 by 3-year correlation. On 12-month performance MCBS holds a 14.4-point edge, +20.8% against +6.4%.
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 SBSI: side by side
| MCBS (MetroCity Bankshares, Inc.) | SBSI (Southside Bancshares, Inc.) | |
|---|---|---|
| 1-year return | +20.8% | +6.4% |
| 5-year return | +99.5% | +7.0% |
| Volatility (ann.) | 28.2% | 24.6% |
| Beta vs S&P 500 | 0.85 | 0.59 |
| Max drawdown (3Y) | -28.0% | -27.3% |
| Market cap | $1.0B | $1.0B |
| P/E (trailing) | 12.2 | 12.6 |
| Dividend yield | 2.95% | 4.49% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MCBS | SBSI |
|---|---|---|
| 2022 | -19.3% | -10.8% |
| 2023 | +15.3% | -8.9% |
| 2024 | +37.1% | +6.3% |
| 2025 | -14.1% | +0.5% |
| 2026 | +35.8% | +8.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MCBS and SBSI good diversifiers for each other?
No. With a correlation of 0.84, MCBS and SBSI move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between MCBS and SBSI?
As of 2026-08-27, the correlation of weekly returns between MCBS and SBSI is 0.84 over 3 years, 0.78 over 1 year and 0.70 over 5 years.
Is SBSI a good diversifier for MCBS?
No. With a correlation of 0.84, MCBS and SBSI move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.84 mean?
A reading of 0.84 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
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Related comparisons
Hubs: MCBS correlations · SBSI correlations
