EVER vs MAX: Correlation
EverQuote, Inc. (EVER) and MediaAlpha, Inc. (MAX) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVER and MAX?
Over the past 3 years, EVER and MAX moved with a correlation of 0.40, which is moderate. The past 12 months show a tighter link (0.54) than the 3-year average (0.40). Over 5 years the correlation is 0.45, and the annualized covariance of weekly returns is 1404.8 %².
Among the 11 assets we track against EVER, MAX ranks #6 by 3-year correlation. The last year tells two different stories: MAX led by 16.4 percentage points, +4.8% for EVER against +21.2% for MAX.
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.
EVER vs MAX: side by side
| EVER (EverQuote, Inc.) | MAX (MediaAlpha, Inc.) | |
|---|---|---|
| 1-year return | +4.8% | +21.2% |
| 5-year return | +31.1% | -44.3% |
| Volatility (ann.) | 60.8% | 58.2% |
| Beta vs S&P 500 | 1.22 | 0.96 |
| Max drawdown (3Y) | -52.0% | -67.7% |
| Market cap | $0.9B | $0.7B |
| P/E (trailing) | 8.5 | 7.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EVER | MAX |
|---|---|---|
| 2022 | -5.9% | -35.6% |
| 2023 | -17.0% | +12.1% |
| 2024 | +63.3% | +1.3% |
| 2025 | +35.1% | +14.7% |
| 2026 | -8.1% | -2.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVER and MAX good diversifiers for each other?
Reasonably. At 0.40, EVER and MAX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EVER and MAX?
The EVER/MAX correlation stands at 0.40 on a 3-year window (1 year: 0.54, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is MAX a good diversifier for EVER?
Reasonably. At 0.40, EVER and MAX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 mean?
A reading of 0.40 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/ever-vs-max.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ever-vs-max/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EVER correlations · MAX correlations
