ECVT vs MYRG: Correlation
Ecovyst Inc. (ECVT) and MYR Group, Inc. (MYRG) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ECVT and MYRG?
On 3 years of weekly data the ECVT/MYRG correlation comes out at 0.49, moderate. The link has loosened recently: the 1-year correlation (0.26) runs below the 3-year figure (0.49). The 5-year figure is 0.41, and annualized covariance runs at 972.7 %².
Few assets follow ECVT as closely as MYRG, which ranks #3 of 13 tracked partners. Correlation aside, the last 12 months split them widely, with MYRG ahead by 54.0 points (+11.5% versus +65.5%).
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.
ECVT vs MYRG: side by side
| ECVT (Ecovyst Inc.) | MYRG (MYR Group, Inc.) | |
|---|---|---|
| 1-year return | +11.5% | +65.5% |
| 5-year return | -23.2% | +196.6% |
| Volatility (ann.) | 39.7% | 49.8% |
| Beta vs S&P 500 | 0.82 | 1.63 |
| Max drawdown (3Y) | -52.2% | -50.3% |
| Market cap | $1.1B | $4.8B |
| P/E (trailing) | 44.1 | 29.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ECVT | MYRG |
|---|---|---|
| 2022 | -13.5% | -16.7% |
| 2023 | +10.3% | +57.1% |
| 2024 | -21.8% | +2.9% |
| 2025 | +27.4% | +46.9% |
| 2026 | +4.3% | +41.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ECVT and MYRG good diversifiers for each other?
Reasonably. At 0.49, ECVT and MYRG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ECVT and MYRG?
As of 2026-08-27, the correlation of weekly returns between ECVT and MYRG is 0.49 over 3 years, 0.26 over 1 year and 0.41 over 5 years.
Is MYRG a good diversifier for ECVT?
Reasonably. At 0.49, ECVT and MYRG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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.
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Hubs: ECVT correlations · MYRG correlations
