ARHS vs MYGN: Correlation
How closely do Arhaus, Inc. (ARHS) and Myriad Genetics, Inc. (MYGN) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARHS and MYGN?
Across a 3-year window, the weekly returns of ARHS and MYGN correlate at 0.45, moderate. The relationship has been stable: the 1-year correlation (0.37) sits close to the 3-year figure. Stretching to 5 years gives 0.33, with an annualized covariance of 2074.5 %².
Within ARHS's tracked universe of 15 assets, MYGN comes in at #9 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ARHS ahead by 23.5 points (-22.9% versus -46.4%).
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.
ARHS vs MYGN: side by side
| ARHS (Arhaus, Inc.) | MYGN (Myriad Genetics, Inc.) | |
|---|---|---|
| 1-year return | -22.9% | -46.4% |
| 5-year return | -25.3% | -91.1% |
| Volatility (ann.) | 57.7% | 80.5% |
| Beta vs S&P 500 | 1.73 | 1.49 |
| Max drawdown (3Y) | -69.3% | -90.0% |
| Market cap | $1.2B | $0.3B |
| P/E (trailing) | 18.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARHS | MYGN |
|---|---|---|
| 2022 | -26.4% | -47.4% |
| 2023 | +21.5% | +31.9% |
| 2024 | -17.9% | -28.4% |
| 2025 | +19.3% | -55.1% |
| 2026 | -17.5% | -48.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARHS and MYGN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ARHS and MYGN?
The ARHS/MYGN correlation stands at 0.45 on a 3-year window (1 year: 0.37, 5 years: 0.33), computed from weekly returns as of 2026-08-27.
Is MYGN a good diversifier for ARHS?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.45 mean?
A reading of 0.45 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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Related comparisons
Hubs: ARHS correlations · MYGN correlations
