GNW vs MTG: Correlation
Measured on weekly returns over the past three years, Genworth Financial Inc (GNW) and MGIC Investment Corporation (MTG) carry a correlation of 0.62, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GNW and MTG?
On 3 years of weekly data the GNW/MTG correlation comes out at 0.62, strong. The relationship has been stable: the 1-year correlation (0.66) sits close to the 3-year figure. The 5-year figure is 0.60, and annualized covariance runs at 378.6 %².
Within GNW's tracked universe of 14 assets, MTG comes in at #5 by 3-year correlation. Neither side won the trailing year by much: +14.5% against +13.5%.
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.
GNW vs MTG: side by side
| GNW (Genworth Financial Inc) | MTG (MGIC Investment Corporation) | |
|---|---|---|
| 1-year return | +14.5% | +13.5% |
| 5-year return | +172.1% | +129.5% |
| Volatility (ann.) | 28.1% | 21.6% |
| Beta vs S&P 500 | 0.59 | 0.57 |
| Max drawdown (3Y) | -21.7% | -15.8% |
| Market cap | $3.8B | $6.4B |
| P/E (trailing) | 19.5 | 9.8 |
| Dividend yield | 0.00% | 1.92% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GNW | MTG |
|---|---|---|
| 2022 | +30.6% | -7.5% |
| 2023 | +26.3% | +52.4% |
| 2024 | +4.6% | +25.7% |
| 2025 | +29.2% | +25.9% |
| 2026 | +10.0% | +8.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GNW and MTG good diversifiers for each other?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between GNW and MTG?
As of 2026-08-27, the correlation of weekly returns between GNW and MTG is 0.62 over 3 years, 0.66 over 1 year and 0.60 over 5 years.
Is MTG a good diversifier for GNW?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.62 mean?
A reading of 0.62 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/gnw-vs-mtg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gnw-vs-mtg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GNW correlations · MTG correlations
