MSB vs PLCE: Correlation
How closely do Mesabi Trust (MSB) and Children's Place, Inc. (The) (PLCE) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MSB and PLCE?
Over the past 3 years, MSB and PLCE moved with a correlation of 0.38, which is moderate. Recent behaviour matches the longer record: 0.34 over 1 year against 0.38 over 3. Over 5 years the correlation is 0.27, and the annualized covariance of weekly returns is 2406.5 %².
Within MSB's tracked universe of 10 assets, PLCE comes in at #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MSB outperformed by 23.9 percentage points (-23.2% for MSB against -47.1% for PLCE). One caveat on sizing: PLCE is 4.0 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.
MSB vs PLCE: side by side
| MSB (Mesabi Trust) | PLCE (Children's Place, Inc. (The)) | |
|---|---|---|
| 1-year return | -23.2% | -47.1% |
| 5-year return | +19.2% | -97.2% |
| Volatility (ann.) | 39.9% | 159.8% |
| Beta vs S&P 500 | 0.92 | 2.28 |
| Max drawdown (3Y) | -45.8% | -92.3% |
| Market cap | – | $0.1B |
| P/E (trailing) | 27.4 | – |
| Dividend yield | 4.16% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MSB | PLCE |
|---|---|---|
| 2022 | -22.8% | -54.1% |
| 2023 | +15.6% | -36.2% |
| 2024 | +47.0% | -55.0% |
| 2025 | +71.9% | -62.0% |
| 2026 | -37.6% | -38.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MSB and PLCE good diversifiers for each other?
Reasonably. At 0.38, MSB and PLCE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MSB and PLCE?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.34 over the last year and 0.27 over 5 years.
Is PLCE a good diversifier for MSB?
Reasonably. At 0.38, MSB and PLCE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 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/msb-vs-plce.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/msb-vs-plce/)
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Related comparisons
Hubs: MSB correlations · PLCE correlations
