ALSN vs MRX: Correlation
How closely do Allison Transmission Holdings, Inc. (ALSN) and Marex Group Limited (MRX) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALSN and MRX?
Across a 3-year window, the weekly returns of ALSN and MRX correlate at 0.42, moderate. The relationship has been stable: the 1-year correlation (0.45) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of 498.9 %².
Among the 12 assets we track against ALSN, MRX ranks #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with MRX ahead by 53.3 points (+46.3% versus +99.6%).
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.
ALSN vs MRX: side by side
| ALSN (Allison Transmission Holdings, Inc.) | MRX (Marex Group Limited) | |
|---|---|---|
| 1-year return | +46.3% | +99.6% |
| 5-year return | +271.5% | n/a |
| Volatility (ann.) | 29.8% | 39.3% |
| Beta vs S&P 500 | 0.81 | 0.44 |
| Max drawdown (3Y) | -33.6% | -41.1% |
| Market cap | $10.7B | – |
| P/E (trailing) | 20.4 | 14.6 |
| Dividend yield | 0.87% | 1.04% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALSN | MRX |
|---|---|---|
| 2022 | +16.9% | – |
| 2023 | +42.3% | – |
| 2024 | +88.0% | – |
| 2025 | -8.3% | +25.1% |
| 2026 | +32.9% | +87.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALSN and MRX good diversifiers for each other?
Reasonably. At 0.42, ALSN and MRX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ALSN and MRX?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.45 over the last year and n/a over 5 years.
Is MRX a good diversifier for ALSN?
Reasonably. At 0.42, ALSN and MRX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 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/alsn-vs-mrx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/alsn-vs-mrx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ALSN correlations · MRX correlations
