ANDE vs MUR: Correlation
How closely do The Andersons, Inc. (ANDE) and Murphy Oil Corporation (MUR) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANDE and MUR?
Over the past 3 years, ANDE and MUR moved with a correlation of 0.50, which is moderate. The relationship has been stable: the 1-year correlation (0.48) sits close to the 3-year figure. Over 5 years the correlation is 0.44, and the annualized covariance of weekly returns is 655.0 %².
MUR is one of the assets that tracks ANDE most closely: it ranks #3 out of the 14 assets we track against ANDE. On 12-month performance ANDE holds a 7.2-point edge, +58.9% against +51.7%.
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.
ANDE vs MUR: side by side
| ANDE (The Andersons, Inc.) | MUR (Murphy Oil Corporation) | |
|---|---|---|
| 1-year return | +58.9% | +51.7% |
| 5-year return | +128.7% | +96.7% |
| Volatility (ann.) | 33.1% | 39.7% |
| Beta vs S&P 500 | 0.26 | 0.16 |
| Max drawdown (3Y) | -46.9% | -58.5% |
| Market cap | $2.2B | $5.2B |
| P/E (trailing) | 12.6 | 17.2 |
| Dividend yield | 1.21% | 3.89% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ANDE | MUR |
|---|---|---|
| 2022 | -7.8% | +68.5% |
| 2023 | +67.0% | +2.0% |
| 2024 | -28.8% | -26.8% |
| 2025 | +33.8% | +8.7% |
| 2026 | +21.0% | +18.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANDE and MUR good diversifiers for each other?
Only partially. A correlation of 0.50 means ANDE and MUR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ANDE and MUR?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.48 over the last year and 0.44 over 5 years.
Is MUR a good diversifier for ANDE?
Only partially. A correlation of 0.50 means ANDE and MUR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 mean?
A reading of 0.50 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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$ curl https://www.pairbook.io/api/v1/pairs/ande-vs-mur.json
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Related comparisons
Hubs: ANDE correlations · MUR correlations
