GEG vs MDRR: Correlation
How closely do Great Elm Group, Inc. (GEG) and Medalist Diversified, Inc. (MDRR) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GEG and MDRR?
Across a 3-year window, the weekly returns of GEG and MDRR correlate at 0.37, moderate. The relationship has been stable: the 1-year correlation (0.44) sits close to the 3-year figure. Stretching to 5 years gives 0.22, with an annualized covariance of 343.0 %².
MDRR is one of the assets that tracks GEG most closely: it ranks #1 out of the 16 assets we track against GEG. Their recent paths diverged sharply: over the last 12 months MDRR outperformed by 15.2 percentage points (-10.4% for GEG against +4.8% for MDRR).
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.
GEG vs MDRR: side by side
| GEG (Great Elm Group, Inc.) | MDRR (Medalist Diversified, Inc.) | |
|---|---|---|
| 1-year return | -10.4% | +4.8% |
| 5-year return | -7.3% | -31.3% |
| Volatility (ann.) | 33.0% | 28.1% |
| Beta vs S&P 500 | 0.15 | -0.02 |
| Max drawdown (3Y) | -41.4% | -29.5% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | 3.1 |
| Dividend yield | 0.00% | 2.21% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GEG | MDRR |
|---|---|---|
| 2022 | -3.3% | -37.3% |
| 2023 | -4.0% | -4.0% |
| 2024 | -6.7% | +28.6% |
| 2025 | +40.9% | -5.5% |
| 2026 | -15.7% | -0.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GEG and MDRR good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GEG and MDRR?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.44 over the last year and 0.22 over 5 years.
Is MDRR a good diversifier for GEG?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 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
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Related comparisons
Hubs: GEG correlations · MDRR correlations
