GEF vs MYE: Correlation
Measured on weekly returns over the past three years, Greif Inc. (GEF) and Myers Industries, Inc. (MYE) carry a correlation of 0.54, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GEF and MYE?
Across a 3-year window, the weekly returns of GEF and MYE correlate at 0.54, moderate. The past 12 months show a tighter link (0.70) than the 3-year average (0.54). Stretching to 5 years gives 0.52, with an annualized covariance of 587.8 %².
By 3-year correlation, MYE places #7 of the 16 assets tracked against GEF. Correlation aside, the last 12 months split them widely, with MYE ahead by 69.0 points (+32.9% versus +101.9%).
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.
GEF vs MYE: side by side
| GEF (Greif Inc.) | MYE (Myers Industries, Inc.) | |
|---|---|---|
| 1-year return | +32.9% | +101.9% |
| 5-year return | +58.9% | +70.0% |
| Volatility (ann.) | 27.9% | 39.3% |
| Beta vs S&P 500 | 0.71 | 0.73 |
| Max drawdown (3Y) | -30.8% | -59.0% |
| Market cap | $4.8B | $1.3B |
| P/E (trailing) | 34.9 | 24.8 |
| Dividend yield | 4.84% | 1.62% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GEF | MYE |
|---|---|---|
| 2022 | +14.5% | +14.0% |
| 2023 | +0.9% | -9.5% |
| 2024 | -3.6% | -41.4% |
| 2025 | +14.8% | +75.7% |
| 2026 | +27.0% | +79.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GEF and MYE good diversifiers for each other?
Only partially. A correlation of 0.54 means GEF and MYE share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between GEF and MYE?
Using weekly returns as of 2026-08-27: 0.54 over 3 years, with 0.70 over the last year and 0.52 over 5 years.
Is MYE a good diversifier for GEF?
Only partially. A correlation of 0.54 means GEF and MYE share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.54 mean?
On the −1 to +1 scale, 0.54 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/gef-vs-mye.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gef-vs-mye/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GEF correlations · MYE correlations
