MERC vs SITC: Correlation
Measured on weekly returns over the past three years, Mercer International Inc. (MERC) and SITE Centers Corp. (SITC) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MERC and SITC?
Over the past 3 years, MERC and SITC moved with a correlation of 0.42, which is moderate. Little has changed lately, as the 1-year reading of 0.40 lands near the 3-year figure. Over 5 years the correlation is 0.35, and the annualized covariance of weekly returns is 667.7 %².
In MERC's tracked universe of 11 assets, SITC sits right near the top at #3. Their recent paths diverged sharply: over the last 12 months SITC outperformed by 44.8 percentage points (-88.0% for MERC against -43.2% for SITC). One caveat on sizing: MERC is 2.5 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.
MERC vs SITC: side by side
| MERC (Mercer International Inc.) | SITC (SITE Centers Corp.) | |
|---|---|---|
| 1-year return | -88.0% | -43.2% |
| 5-year return | -96.1% | -37.3% |
| Volatility (ann.) | 63.1% | 24.9% |
| Beta vs S&P 500 | 1.38 | 0.73 |
| Max drawdown (3Y) | -96.2% | -59.0% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | 1.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MERC | SITC |
|---|---|---|
| 2022 | -0.6% | -2.2% |
| 2023 | -15.7% | +19.2% |
| 2024 | -28.7% | +0.2% |
| 2025 | -68.5% | -15.1% |
| 2026 | -80.3% | -39.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MERC and SITC good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MERC and SITC?
The MERC/SITC correlation stands at 0.42 on a 3-year window (1 year: 0.40, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is SITC a good diversifier for MERC?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 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/merc-vs-sitc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/merc-vs-sitc/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MERC correlations · SITC correlations
