CLOV vs MEC: Correlation
How closely do Clover Health Investments, Corp. (CLOV) and Mayville Engineering Company, Inc. (MEC) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLOV and MEC?
Over the past 3 years, CLOV and MEC moved with a correlation of 0.37, which is moderate. Little has changed lately, as the 1-year reading of 0.40 lands near the 3-year figure. Over 5 years the correlation is 0.29, and the annualized covariance of weekly returns is 1432.8 %².
By 3-year correlation, MEC places #5 of the 10 assets tracked against CLOV. Their recent paths diverged sharply: over the last 12 months CLOV outperformed by 17.7 percentage points (+57.2% for CLOV against +39.5% for MEC). Risk is not evenly split, since CLOV carries 1.6 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.
CLOV vs MEC: side by side
| CLOV (Clover Health Investments, Corp.) | MEC (Mayville Engineering Company, Inc.) | |
|---|---|---|
| 1-year return | +57.2% | +39.5% |
| 5-year return | -50.1% | +34.1% |
| Volatility (ann.) | 77.7% | 49.2% |
| Beta vs S&P 500 | 1.73 | 0.79 |
| Max drawdown (3Y) | -64.7% | -45.8% |
| Market cap | $2.2B | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLOV | MEC |
|---|---|---|
| 2022 | -75.0% | -15.1% |
| 2023 | +2.4% | +13.9% |
| 2024 | +230.9% | +9.0% |
| 2025 | -25.4% | +19.1% |
| 2026 | +80.0% | +8.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLOV and MEC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CLOV and MEC?
The CLOV/MEC correlation stands at 0.37 on a 3-year window (1 year: 0.40, 5 years: 0.29), computed from weekly returns as of 2026-08-27.
Is MEC a good diversifier for CLOV?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 mean?
A reading of 0.37 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/clov-vs-mec.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/clov-vs-mec/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CLOV correlations · MEC correlations
