BEN vs MGLD: Correlation
Franklin Resources (BEN) and The Marygold Companies, Inc. (MGLD) show a negative relationship: their 3-year correlation of weekly returns is -0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BEN and MGLD?
Over the past 3 years, BEN and MGLD moved with a correlation of -0.18, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.03) than the 3-year average (-0.18). Over 5 years the correlation is -0.08, and the annualized covariance of weekly returns is -394.4 %².
Among the 28 assets we track against BEN, MGLD sits near the bottom by co-movement, at rank #24. The last year tells two different stories: BEN led by 34.3 percentage points, +43.0% for BEN against +8.7% for MGLD. One caveat on sizing: MGLD is 2.8 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.
BEN vs MGLD: side by side
| BEN (Franklin Resources) | MGLD (The Marygold Companies, Inc.) | |
|---|---|---|
| 1-year return | +43.0% | +8.7% |
| 5-year return | +37.6% | -70.5% |
| Volatility (ann.) | 27.9% | 77.2% |
| Beta vs S&P 500 | 1.01 | -0.28 |
| Max drawdown (3Y) | -40.0% | -66.8% |
| Market cap | $17.7B | – |
| P/E (trailing) | 23.8 | – |
| Dividend yield | 3.74% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | BEN | MGLD |
|---|---|---|
| 2022 | -17.5% | – |
| 2023 | +17.0% | -29.3% |
| 2024 | -27.2% | +66.0% |
| 2025 | +24.8% | -49.8% |
| 2026 | +49.4% | +13.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BEN and MGLD good diversifiers for each other?
Yes. With a correlation of -0.18, BEN and MGLD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BEN and MGLD?
Using weekly returns as of 2026-08-27: -0.18 over 3 years, with -0.03 over the last year and -0.08 over 5 years.
Is MGLD a good diversifier for BEN?
Yes. With a correlation of -0.18, BEN and MGLD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.18 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ben-vs-mgld.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ben-vs-mgld/)
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Related comparisons
Hubs: BEN correlations · MGLD correlations
