CRL vs MEDP: Correlation
How closely do Charles River Laboratories (CRL) and Medpace Holdings, Inc. (MEDP) trade together? Their weekly returns over three years give a correlation of 0.53, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRL and MEDP?
Over the past 3 years, CRL and MEDP moved with a correlation of 0.53, which is moderate. The past 12 months show a tighter link (0.66) than the 3-year average (0.53). Over 5 years the correlation is 0.57, and the annualized covariance of weekly returns is 1178.7 %².
Within CRL's tracked universe of 33 assets, MEDP comes in at #13 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CRL ahead by 52.9 points (+82.1% versus +29.2%).
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.
CRL vs MEDP: side by side
| CRL (Charles River Laboratories) | MEDP (Medpace Holdings, Inc.) | |
|---|---|---|
| 1-year return | +82.1% | +29.2% |
| 5-year return | -33.3% | +231.5% |
| Volatility (ann.) | 47.9% | 46.4% |
| Beta vs S&P 500 | 0.92 | 1.04 |
| Max drawdown (3Y) | -63.5% | -39.4% |
| Market cap | $14.3B | $17.1B |
| P/E (trailing) | – | 36.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | CRL | MEDP |
|---|---|---|
| 2022 | -42.2% | -2.4% |
| 2023 | +8.5% | +44.3% |
| 2024 | -21.9% | +8.4% |
| 2025 | +8.1% | +69.1% |
| 2026 | +48.6% | +8.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRL and MEDP good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CRL and MEDP?
As of 2026-08-27, the correlation of weekly returns between CRL and MEDP is 0.53 over 3 years, 0.66 over 1 year and 0.57 over 5 years.
Is MEDP a good diversifier for CRL?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 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/crl-vs-medp.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/crl-vs-medp/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CRL correlations · MEDP correlations
