GLW vs MEI: Correlation
Corning Inc. (GLW) and Methode Electronics, Inc. (MEI) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GLW and MEI?
On 3 years of weekly data the GLW/MEI correlation comes out at 0.56, moderate. Little has changed lately, as the 1-year reading of 0.60 lands near the 3-year figure. The 5-year figure is 0.50, and annualized covariance runs at 1790.3 %².
In GLW's tracked universe of 37 assets, MEI sits right near the top at #3. The trailing year gives MEI the advantage: +129.7% versus +134.7%, a 5.0-point spread. One caveat on sizing: MEI is 1.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
GLW vs MEI: side by side
| GLW (Corning Inc.) | MEI (Methode Electronics, Inc.) | |
|---|---|---|
| 1-year return | +129.7% | +134.7% |
| 5-year return | +331.4% | -56.2% |
| Volatility (ann.) | 42.1% | 76.6% |
| Beta vs S&P 500 | 1.15 | 1.94 |
| Max drawdown (3Y) | -51.5% | -82.7% |
| Market cap | $131.6B | $0.6B |
| P/E (trailing) | 70.4 | – |
| Dividend yield | 0.73% | 1.29% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | GLW | MEI |
|---|---|---|
| 2022 | -11.6% | -8.5% |
| 2023 | -1.2% | -47.9% |
| 2024 | +60.6% | -46.0% |
| 2025 | +87.8% | -40.5% |
| 2026 | +75.1% | +172.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GLW and MEI good diversifiers for each other?
Only partially. A correlation of 0.56 means GLW and MEI 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 GLW and MEI?
As of 2026-08-27, the correlation of weekly returns between GLW and MEI is 0.56 over 3 years, 0.60 over 1 year and 0.50 over 5 years.
Is MEI a good diversifier for GLW?
Only partially. A correlation of 0.56 means GLW and MEI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.56 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/glw-vs-mei.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/glw-vs-mei/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GLW correlations · MEI correlations
