MCBS vs SSB: Correlation
How closely do MetroCity Bankshares, Inc. (MCBS) and SouthState Bank Corporation (SSB) 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 SSB?
Over the past 3 years, MCBS and SSB moved with a correlation of 0.84, which is very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.75 lands near the 3-year figure. Over 5 years the correlation is 0.72, and the annualized covariance of weekly returns is 679.3 %².
By 3-year correlation, SSB places #5 of the 30 assets tracked against MCBS. The trailing year gives MCBS the advantage: +20.8% versus +6.8%, a 14.0-point spread.
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 SSB: side by side
| MCBS (MetroCity Bankshares, Inc.) | SSB (SouthState Bank Corporation) | |
|---|---|---|
| 1-year return | +20.8% | +6.8% |
| 5-year return | +99.5% | +76.5% |
| Volatility (ann.) | 28.2% | 28.6% |
| Beta vs S&P 500 | 0.85 | 0.95 |
| Max drawdown (3Y) | -28.0% | -27.6% |
| Market cap | $1.0B | $10.3B |
| P/E (trailing) | 12.2 | 11.2 |
| Dividend yield | 2.95% | 2.26% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MCBS | SSB |
|---|---|---|
| 2022 | -19.3% | -2.4% |
| 2023 | +15.3% | +13.8% |
| 2024 | +37.1% | +20.7% |
| 2025 | -14.1% | -3.1% |
| 2026 | +35.8% | +14.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MCBS and SSB good diversifiers for each other?
Not really. At 0.84, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between MCBS and SSB?
Using weekly returns as of 2026-08-27: 0.84 over 3 years, with 0.75 over the last year and 0.72 over 5 years.
Is SSB a good diversifier for MCBS?
Not really. At 0.84, the two trade almost as one position, and owning both buys little extra protection.
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.
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Related comparisons
Hubs: MCBS correlations · SSB correlations
