GTX vs MYRG: Correlation
Garrett Motion Inc. (GTX) and MYR Group, Inc. (MYRG) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GTX and MYRG?
On 3 years of weekly data the GTX/MYRG correlation comes out at 0.44, moderate. The relationship has been stable: the 1-year correlation (0.52) sits close to the 3-year figure. The 5-year figure is 0.36, and annualized covariance runs at 949.6 %².
By 3-year correlation, MYRG places #4 of the 10 assets tracked against GTX. Correlation aside, the last 12 months split them widely, with GTX ahead by 46.1 points (+111.6% versus +65.5%).
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.
GTX vs MYRG: side by side
| GTX (Garrett Motion Inc.) | MYRG (MYR Group, Inc.) | |
|---|---|---|
| 1-year return | +111.6% | +65.5% |
| 5-year return | +313.6% | +196.6% |
| Volatility (ann.) | 43.0% | 49.8% |
| Beta vs S&P 500 | 1.04 | 1.63 |
| Max drawdown (3Y) | -28.7% | -50.3% |
| Market cap | $5.1B | $4.8B |
| P/E (trailing) | 14.8 | 29.7 |
| Dividend yield | 1.11% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GTX | MYRG |
|---|---|---|
| 2022 | -5.1% | -16.7% |
| 2023 | +26.9% | +57.1% |
| 2024 | -6.6% | +2.9% |
| 2025 | +97.2% | +46.9% |
| 2026 | +58.4% | +41.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GTX and MYRG good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GTX and MYRG?
As of 2026-08-27, the correlation of weekly returns between GTX and MYRG is 0.44 over 3 years, 0.52 over 1 year and 0.36 over 5 years.
Is MYRG a good diversifier for GTX?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 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/gtx-vs-myrg.json
Markdown for the live badge, attribution link included:
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Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GTX correlations · MYRG correlations
