CME vs MYGN: Correlation
Measured on weekly returns over the past three years, CME Group (CME) and Myriad Genetics, Inc. (MYGN) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CME and MYGN?
Over the past 3 years, CME and MYGN moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.46) than the 3-year average (-0.26). Over 5 years the correlation is -0.13, and the annualized covariance of weekly returns is -415.9 %².
Within CME's tracked universe of 47 assets, MYGN comes in at #42 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CME outperformed by 54.5 percentage points (+8.1% for CME against -46.4% for MYGN). Risk is not evenly split, since MYGN carries 4.0 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.
CME vs MYGN: side by side
| CME (CME Group) | MYGN (Myriad Genetics, Inc.) | |
|---|---|---|
| 1-year return | +8.1% | -46.4% |
| 5-year return | +73.9% | -91.1% |
| Volatility (ann.) | 20.0% | 80.5% |
| Beta vs S&P 500 | 0.12 | 1.49 |
| Max drawdown (3Y) | -31.1% | -90.0% |
| Market cap | $101.0B | $0.3B |
| P/E (trailing) | 23.8 | – |
| Dividend yield | 1.82% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | CME | MYGN |
|---|---|---|
| 2022 | -22.9% | -47.4% |
| 2023 | +31.3% | +31.9% |
| 2024 | +15.4% | -28.4% |
| 2025 | +19.8% | -55.1% |
| 2026 | +5.9% | -48.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CME and MYGN good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CME and MYGN?
The CME/MYGN correlation stands at -0.26 on a 3-year window (1 year: -0.46, 5 years: -0.13), computed from weekly returns as of 2026-08-27.
Is MYGN a good diversifier for CME?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 mean?
A reading of -0.26 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/cme-vs-mygn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cme-vs-mygn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CME correlations · MYGN correlations
