HELE vs MDRR: Correlation
Helen of Troy Limited (HELE) and Medalist Diversified, Inc. (MDRR) 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 HELE and MDRR?
Across a 3-year window, the weekly returns of HELE and MDRR correlate at -0.27, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.33 over 1 year against -0.27 over 3. Stretching to 5 years gives -0.14, with an annualized covariance of -426.9 %².
MDRR is close to the least connected end of HELE's tracked universe, ranking #9 of 11. On 12-month performance HELE holds a 10.6-point edge, +15.4% against +4.8%. Note the risk asymmetry: HELE runs 2.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
HELE vs MDRR: side by side
| HELE (Helen of Troy Limited) | MDRR (Medalist Diversified, Inc.) | |
|---|---|---|
| 1-year return | +15.4% | +4.8% |
| 5-year return | -87.9% | -31.3% |
| Volatility (ann.) | 57.0% | 28.1% |
| Beta vs S&P 500 | 1.05 | -0.02 |
| Max drawdown (3Y) | -89.0% | -29.5% |
| Market cap | $0.7B | – |
| P/E (trailing) | – | 3.1 |
| Dividend yield | 0.00% | 2.21% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HELE | MDRR |
|---|---|---|
| 2022 | -54.6% | -37.3% |
| 2023 | +8.9% | -4.0% |
| 2024 | -50.5% | +28.6% |
| 2025 | -64.5% | -5.5% |
| 2026 | +36.1% | -0.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HELE and MDRR good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between HELE and MDRR?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with -0.33 over the last year and -0.14 over 5 years.
Is MDRR a good diversifier for HELE?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.27 mean?
A reading of -0.27 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/hele-vs-mdrr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hele-vs-mdrr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HELE correlations · MDRR correlations
