BHRB vs MYE: Correlation
Measured on weekly returns over the past three years, Burke & Herbert Financial Services Corp. (BHRB) and Myers Industries, Inc. (MYE) carry a correlation of 0.54, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BHRB and MYE?
On 3 years of weekly data the BHRB/MYE correlation comes out at 0.54, moderate. The past 12 months show a tighter link (0.66) than the 3-year average (0.54). The 5-year figure is 0.37, and annualized covariance runs at 672.3 %².
Among the 16 assets we track against BHRB, MYE ranks #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MYE outperformed by 85.9 percentage points (+16.0% for BHRB against +101.9% for MYE).
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.
BHRB vs MYE: side by side
| BHRB (Burke & Herbert Financial Services Corp.) | MYE (Myers Industries, Inc.) | |
|---|---|---|
| 1-year return | +16.0% | +101.9% |
| 5-year return | +57.3% | +70.0% |
| Volatility (ann.) | 31.8% | 39.3% |
| Beta vs S&P 500 | 0.74 | 0.73 |
| Max drawdown (3Y) | -30.8% | -59.0% |
| Market cap | $1.4B | $1.3B |
| P/E (trailing) | 11.7 | 24.8 |
| Dividend yield | 3.07% | 1.62% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BHRB | MYE |
|---|---|---|
| 2022 | +33.3% | +14.0% |
| 2023 | -7.8% | -9.5% |
| 2024 | +2.9% | -41.4% |
| 2025 | +3.6% | +75.7% |
| 2026 | +17.8% | +79.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BHRB and MYE good diversifiers for each other?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BHRB and MYE?
Using weekly returns as of 2026-08-27: 0.54 over 3 years, with 0.66 over the last year and 0.37 over 5 years.
Is MYE a good diversifier for BHRB?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.54 mean?
On the −1 to +1 scale, 0.54 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/bhrb-vs-mye.json
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Related comparisons
Hubs: BHRB correlations · MYE correlations
