EXOD vs MYE: Correlation
Exodus Movement, Inc. (EXOD) and Myers Industries, Inc. (MYE) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXOD and MYE?
Over the past 3 years, EXOD and MYE moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.12) runs above the 3-year figure (-0.25). Over 5 years the correlation is -0.19, and the annualized covariance of weekly returns is -1957.2 %².
Among the 18 assets we track against EXOD, MYE sits near the bottom by co-movement, at rank #16. The last year tells two different stories: MYE led by 167.8 percentage points, -65.9% for EXOD against +101.9% for MYE. One caveat on sizing: EXOD is 5.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
EXOD vs MYE: side by side
| EXOD (Exodus Movement, Inc.) | MYE (Myers Industries, Inc.) | |
|---|---|---|
| 1-year return | -65.9% | +101.9% |
| 5-year return | -64.9% | +70.0% |
| Volatility (ann.) | 196.6% | 39.3% |
| Beta vs S&P 500 | 0.78 | 0.73 |
| Max drawdown (3Y) | -94.8% | -59.0% |
| Market cap | $0.3B | $1.3B |
| P/E (trailing) | – | 24.8 |
| Dividend yield | 0.00% | 1.62% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EXOD | MYE |
|---|---|---|
| 2022 | -89.5% | +14.0% |
| 2023 | +12.2% | -9.5% |
| 2024 | +1233.9% | -41.4% |
| 2025 | -51.8% | +75.7% |
| 2026 | -37.2% | +79.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXOD and MYE good diversifiers for each other?
Yes. With a correlation of -0.25, EXOD and MYE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between EXOD and MYE?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with -0.12 over the last year and -0.19 over 5 years.
Is MYE a good diversifier for EXOD?
Yes. With a correlation of -0.25, EXOD and MYE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 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.
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Related comparisons
Hubs: EXOD correlations · MYE correlations
