MNSB vs VLY: Correlation
How closely do MainStreet Bancshares, Inc. (MNSB) and Valley National Bancorp (VLY) trade together? Their weekly returns over three years give a correlation of 0.66, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MNSB and VLY?
On 3 years of weekly data the MNSB/VLY correlation comes out at 0.66, strong. Little has changed lately, as the 1-year reading of 0.71 lands near the 3-year figure. The 5-year figure is 0.59, and annualized covariance runs at 668.9 %².
Few assets follow MNSB as closely as VLY, which ranks #3 of 11 tracked partners. Their recent paths diverged sharply: over the last 12 months VLY outperformed by 25.5 percentage points (+12.4% for MNSB against +37.9% for VLY).
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.
MNSB vs VLY: side by side
| MNSB (MainStreet Bancshares, Inc.) | VLY (Valley National Bancorp) | |
|---|---|---|
| 1-year return | +12.4% | +37.9% |
| 5-year return | +17.5% | +32.9% |
| Volatility (ann.) | 31.1% | 32.8% |
| Beta vs S&P 500 | 0.55 | 0.93 |
| Max drawdown (3Y) | -40.5% | -39.5% |
| Market cap | $0.2B | $7.7B |
| P/E (trailing) | 12.2 | 11.9 |
| Dividend yield | 1.61% | 3.12% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MNSB | VLY |
|---|---|---|
| 2022 | +12.9% | -14.6% |
| 2023 | -8.2% | +0.7% |
| 2024 | -25.3% | -11.9% |
| 2025 | +15.0% | +34.8% |
| 2026 | +25.5% | +21.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MNSB and VLY good diversifiers for each other?
To a limited degree. At 0.66 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between MNSB and VLY?
The MNSB/VLY correlation stands at 0.66 on a 3-year window (1 year: 0.71, 5 years: 0.59), computed from weekly returns as of 2026-08-27.
Is VLY a good diversifier for MNSB?
To a limited degree. At 0.66 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.66 mean?
On the −1 to +1 scale, 0.66 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mnsb-vs-vly.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mnsb-vs-vly/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MNSB correlations · VLY correlations
