GIII vs MFI: Correlation
G-III Apparel Group, LTD. (GIII) and mF International Limited - Class A (MFI) show a negative relationship: their 3-year correlation of weekly returns is -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GIII and MFI?
Across a 3-year window, the weekly returns of GIII and MFI correlate at -0.27, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.06 versus -0.27 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of -1823.6 %².
Out of 14 assets tracked against GIII, MFI lands near the bottom at #13. Correlation aside, the last 12 months split them widely, with GIII ahead by 100.0 points (+24.7% versus -75.3%). Risk is not evenly split, since MFI carries 4.6 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.
GIII vs MFI: side by side
| GIII (G-III Apparel Group, LTD.) | MFI (mF International Limited - Class A) | |
|---|---|---|
| 1-year return | +24.7% | -75.3% |
| 5-year return | +8.5% | n/a |
| Volatility (ann.) | 39.5% | 180.8% |
| Beta vs S&P 500 | 0.53 | 2.81 |
| Max drawdown (3Y) | -43.1% | -95.8% |
| Market cap | $1.4B | $0.5B |
| P/E (trailing) | 11.8 | 5.2 |
| Dividend yield | 0.60% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GIII | MFI |
|---|---|---|
| 2022 | -50.4% | – |
| 2023 | +147.8% | – |
| 2024 | -4.0% | – |
| 2025 | -10.9% | +245.6% |
| 2026 | +15.9% | -50.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GIII and MFI good diversifiers for each other?
Yes. With a correlation of -0.27, GIII and MFI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GIII and MFI?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with 0.06 over the last year and n/a over 5 years.
Is MFI a good diversifier for GIII?
Yes. With a correlation of -0.27, GIII and MFI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 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/giii-vs-mfi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/giii-vs-mfi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GIII correlations · MFI correlations
