EIG vs MAYS: Correlation
Employers Holdings Inc (EIG) and J. W. Mays, Inc. (MAYS) show a negative relationship: their 3-year correlation of weekly returns is -0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EIG and MAYS?
Over the past 3 years, EIG and MAYS moved with a correlation of -0.36, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.49 versus -0.36 over 3 years. Over 5 years the correlation is -0.20, and the annualized covariance of weekly returns is -275.0 %².
MAYS is close to the least connected end of EIG's tracked universe, ranking #19 of 19. Twelve-month performance is nearly a tie, at +16.7% for EIG and +12.9% for MAYS.
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.
EIG vs MAYS: side by side
| EIG (Employers Holdings Inc) | MAYS (J. W. Mays, Inc.) | |
|---|---|---|
| 1-year return | +16.7% | +12.9% |
| 5-year return | +43.2% | +34.4% |
| Volatility (ann.) | 22.8% | 33.2% |
| Beta vs S&P 500 | 0.32 | 0.03 |
| Max drawdown (3Y) | -31.3% | -30.9% |
| Market cap | $0.9B | $0.1B |
| P/E (trailing) | 62.1 | – |
| Dividend yield | 2.64% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EIG | MAYS |
|---|---|---|
| 2022 | +12.6% | +18.4% |
| 2023 | -6.1% | -12.7% |
| 2024 | +33.4% | +4.8% |
| 2025 | -13.3% | -9.2% |
| 2026 | +16.2% | +5.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EIG and MAYS good diversifiers for each other?
By historical standards, yes. A correlation of -0.36 means the two rarely move for the same reasons.
FAQ
What is the correlation between EIG and MAYS?
The EIG/MAYS correlation stands at -0.36 on a 3-year window (1 year: -0.49, 5 years: -0.20), computed from weekly returns as of 2026-08-27.
Is MAYS a good diversifier for EIG?
By historical standards, yes. A correlation of -0.36 means the two rarely move for the same reasons.
What does a correlation of -0.36 mean?
On the −1 to +1 scale, -0.36 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/eig-vs-mays.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/eig-vs-mays/)
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Related comparisons
Hubs: EIG correlations · MAYS correlations
