FIZZ vs MRKR: Correlation
Measured on weekly returns over the past three years, National Beverage Corp. (FIZZ) and Marker Therapeutics, Inc. (MRKR) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FIZZ and MRKR?
On 3 years of weekly data the FIZZ/MRKR correlation comes out at 0.35, moderate. Little has changed lately, as the 1-year reading of 0.32 lands near the 3-year figure. The 5-year figure is 0.12, and annualized covariance runs at 750.6 %².
In FIZZ's tracked universe of 12 assets, MRKR sits right near the top at #1. Correlation aside, the last 12 months split them widely, with MRKR ahead by 70.3 points (-15.0% versus +55.3%). Risk is not evenly split, since MRKR carries 3.6 times the volatility of the other side.
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.
FIZZ vs MRKR: side by side
| FIZZ (National Beverage Corp.) | MRKR (Marker Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -15.0% | +55.3% |
| 5-year return | -9.3% | -92.3% |
| Volatility (ann.) | 24.4% | 88.6% |
| Beta vs S&P 500 | 0.36 | 1.92 |
| Max drawdown (3Y) | -41.3% | -86.2% |
| Market cap | $3.0B | – |
| P/E (trailing) | 16.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FIZZ | MRKR |
|---|---|---|
| 2022 | +2.6% | -71.6% |
| 2023 | +6.9% | +103.7% |
| 2024 | -8.0% | -43.5% |
| 2025 | -25.3% | -52.1% |
| 2026 | +12.6% | -2.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FIZZ and MRKR good diversifiers for each other?
Reasonably. At 0.35, FIZZ and MRKR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FIZZ and MRKR?
The FIZZ/MRKR correlation stands at 0.35 on a 3-year window (1 year: 0.32, 5 years: 0.12), computed from weekly returns as of 2026-08-27.
Is MRKR a good diversifier for FIZZ?
Reasonably. At 0.35, FIZZ and MRKR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 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/fizz-vs-mrkr.json
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Related comparisons
Hubs: FIZZ correlations · MRKR correlations
