BR vs MEC: Correlation
How closely do Broadridge Financial Solutions (BR) and Mayville Engineering Company, Inc. (MEC) trade together? Their weekly returns over three years give a correlation of -0.15, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BR and MEC?
On 3 years of weekly data the BR/MEC correlation comes out at -0.15, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.27 versus -0.15 over 3 years. The 5-year figure is -0.05, and annualized covariance runs at -169.3 %².
Among the 45 assets we track against BR, MEC ranks #38 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MEC outperformed by 67.1 percentage points (-27.6% for BR against +39.5% for MEC). Risk is not evenly split, since MEC carries 2.2 times the volatility of the other side.
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.
BR vs MEC: side by side
| BR (Broadridge Financial Solutions) | MEC (Mayville Engineering Company, Inc.) | |
|---|---|---|
| 1-year return | -27.6% | +39.5% |
| 5-year return | +16.0% | +34.1% |
| Volatility (ann.) | 22.6% | 49.2% |
| Beta vs S&P 500 | 0.65 | 0.79 |
| Max drawdown (3Y) | -48.2% | -45.8% |
| Market cap | $20.9B | $0.5B |
| P/E (trailing) | 18.9 | – |
| Dividend yield | 2.15% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | BR | MEC |
|---|---|---|
| 2022 | -25.3% | -15.1% |
| 2023 | +56.2% | +13.9% |
| 2024 | +11.7% | +9.0% |
| 2025 | +0.3% | +19.1% |
| 2026 | -17.0% | +8.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BR and MEC good diversifiers for each other?
Yes: at -0.15, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BR and MEC?
The BR/MEC correlation stands at -0.15 on a 3-year window (1 year: -0.27, 5 years: -0.05), computed from weekly returns as of 2026-08-27.
Is MEC a good diversifier for BR?
Yes: at -0.15, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.15 mean?
On the −1 to +1 scale, -0.15 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/br-vs-mec.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/br-vs-mec/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BR correlations · MEC correlations
