MPB vs RVSB: Correlation
How closely do Mid Penn Bancorp (MPB) and Riverview Bancorp Inc (RVSB) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MPB and RVSB?
On 3 years of weekly data the MPB/RVSB correlation comes out at 0.46, moderate. The link has loosened recently: the 1-year correlation (0.35) runs below the 3-year figure (0.46). The 5-year figure is 0.43, and annualized covariance runs at 328.7 %².
Among the 12 assets we track against MPB, RVSB ranks #7 by 3-year correlation. The last year tells two different stories: MPB led by 22.1 percentage points, +25.2% for MPB against +3.1% for RVSB.
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.
MPB vs RVSB: side by side
| MPB (Mid Penn Bancorp) | RVSB (Riverview Bancorp Inc) | |
|---|---|---|
| 1-year return | +25.2% | +3.1% |
| 5-year return | +61.4% | -17.9% |
| Volatility (ann.) | 27.8% | 25.6% |
| Beta vs S&P 500 | 0.71 | 0.17 |
| Max drawdown (3Y) | -26.8% | -42.5% |
| Market cap | $0.9B | $0.1B |
| P/E (trailing) | 12.8 | – |
| Dividend yield | 2.42% | 1.55% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MPB | RVSB |
|---|---|---|
| 2022 | -2.9% | +3.2% |
| 2023 | -16.1% | -13.1% |
| 2024 | +22.8% | -7.4% |
| 2025 | +10.7% | -11.3% |
| 2026 | +20.8% | +4.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MPB and RVSB good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MPB and RVSB?
As of 2026-08-27, the correlation of weekly returns between MPB and RVSB is 0.46 over 3 years, 0.35 over 1 year and 0.43 over 5 years.
Is RVSB a good diversifier for MPB?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 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/mpb-vs-rvsb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mpb-vs-rvsb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MPB correlations · RVSB correlations
