METC vs METCB: Correlation
Ramaco Resources, Inc. (METC) and Ramaco Resources, Inc. (METCB) show a moderate relationship: their 3-year correlation of weekly returns is 0.59.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are METC and METCB?
On 3 years of weekly data the METC/METCB correlation comes out at 0.59, moderate. The relationship has been stable: the 1-year correlation (0.52) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 2994.7 %².
Few assets follow METC as closely as METCB, which ranks #1 of 13 tracked partners. On 12-month performance METC holds a 7.9-point edge, -45.1% against -53.0%.
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.
METC vs METCB: side by side
| METC (Ramaco Resources, Inc.) | METCB (Ramaco Resources, Inc.) | |
|---|---|---|
| 1-year return | -45.1% | -53.0% |
| 5-year return | +83.2% | n/a |
| Volatility (ann.) | 86.1% | 59.3% |
| Beta vs S&P 500 | 1.13 | 0.57 |
| Max drawdown (3Y) | -83.7% | -71.4% |
| Market cap | $0.9B | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | METC | METCB |
|---|---|---|
| 2022 | -33.0% | – |
| 2023 | +105.9% | – |
| 2024 | -37.9% | -17.4% |
| 2025 | +77.9% | +25.9% |
| 2026 | -22.7% | -34.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are METC and METCB good diversifiers for each other?
Only partially. A correlation of 0.59 means METC and METCB share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between METC and METCB?
As of 2026-08-27, the correlation of weekly returns between METC and METCB is 0.59 over 3 years, 0.52 over 1 year and n/a over 5 years.
Is METCB a good diversifier for METC?
Only partially. A correlation of 0.59 means METC and METCB share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.59 mean?
A reading of 0.59 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: METC correlations · METCB correlations
