BAP vs MDRR: Correlation
Credicorp Ltd. (BAP) and Medalist Diversified, Inc. (MDRR) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BAP and MDRR?
Across a 3-year window, the weekly returns of BAP and MDRR correlate at -0.24, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.39) runs below the 3-year figure (-0.24). Stretching to 5 years gives -0.10, with an annualized covariance of -177.7 %².
Out of 11 assets tracked against BAP, MDRR lands near the bottom at #9. Their recent paths diverged sharply: over the last 12 months BAP outperformed by 50.1 percentage points (+54.9% for BAP against +4.8% for MDRR).
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.
BAP vs MDRR: side by side
| BAP (Credicorp Ltd.) | MDRR (Medalist Diversified, Inc.) | |
|---|---|---|
| 1-year return | +54.9% | +4.8% |
| 5-year return | +370.8% | -31.3% |
| Volatility (ann.) | 26.1% | 28.1% |
| Beta vs S&P 500 | 0.55 | -0.02 |
| Max drawdown (3Y) | -20.0% | -29.5% |
| Market cap | $29.6B | – |
| P/E (trailing) | 14.1 | 3.1 |
| Dividend yield | 13.07% | 2.21% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BAP | MDRR |
|---|---|---|
| 2022 | +14.6% | -37.3% |
| 2023 | +16.3% | -4.0% |
| 2024 | +31.4% | +28.6% |
| 2025 | +65.4% | -5.5% |
| 2026 | +36.2% | -0.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BAP and MDRR good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BAP and MDRR?
The BAP/MDRR correlation stands at -0.24 on a 3-year window (1 year: -0.39, 5 years: -0.10), computed from weekly returns as of 2026-08-27.
Is MDRR a good diversifier for BAP?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
A reading of -0.24 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bap-vs-mdrr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bap-vs-mdrr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BAP correlations · MDRR correlations
