FTRE vs MEDP: Correlation
Fortrea Holdings Inc. (FTRE) and Medpace Holdings, Inc. (MEDP) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FTRE and MEDP?
On 3 years of weekly data the FTRE/MEDP correlation comes out at 0.57, moderate. Little has changed lately, as the 1-year reading of 0.53 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 2072.9 %².
By 3-year correlation, MEDP places #4 of the 12 assets tracked against FTRE. The last year tells two different stories: FTRE led by 79.7 percentage points, +108.9% for FTRE against +29.2% for MEDP. Risk is not evenly split, since FTRE carries 1.7 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.
FTRE vs MEDP: side by side
| FTRE (Fortrea Holdings Inc.) | MEDP (Medpace Holdings, Inc.) | |
|---|---|---|
| 1-year return | +108.9% | +29.2% |
| 5-year return | n/a | +231.5% |
| Volatility (ann.) | 78.9% | 46.4% |
| Beta vs S&P 500 | 1.59 | 1.04 |
| Max drawdown (3Y) | -89.9% | -39.4% |
| Market cap | $1.8B | $17.1B |
| P/E (trailing) | – | 36.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FTRE | MEDP |
|---|---|---|
| 2022 | – | -2.4% |
| 2023 | – | +44.3% |
| 2024 | -46.6% | +8.4% |
| 2025 | -7.5% | +69.1% |
| 2026 | +9.3% | +8.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FTRE and MEDP good diversifiers for each other?
To a limited degree. At 0.57 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between FTRE and MEDP?
Using weekly returns as of 2026-08-27: 0.57 over 3 years, with 0.53 over the last year and n/a over 5 years.
Is MEDP a good diversifier for FTRE?
To a limited degree. At 0.57 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.57 mean?
A reading of 0.57 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/ftre-vs-medp.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ftre-vs-medp/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FTRE correlations · MEDP correlations
