ICFI vs MMS: Correlation
ICF International, Inc. (ICFI) and Maximus, Inc. (MMS) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ICFI and MMS?
Across a 3-year window, the weekly returns of ICFI and MMS correlate at 0.51, moderate. The relationship has been stable: the 1-year correlation (0.51) sits close to the 3-year figure. Stretching to 5 years gives 0.45, with an annualized covariance of 582.1 %².
Within ICFI's tracked universe of 13 assets, MMS comes in at #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ICFI outperformed by 21.3 percentage points (-9.4% for ICFI against -30.7% for MMS).
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.
ICFI vs MMS: side by side
| ICFI (ICF International, Inc.) | MMS (Maximus, Inc.) | |
|---|---|---|
| 1-year return | -9.4% | -30.7% |
| 5-year return | -2.1% | -25.0% |
| Volatility (ann.) | 37.8% | 30.4% |
| Beta vs S&P 500 | 0.60 | 0.50 |
| Max drawdown (3Y) | -65.6% | -45.1% |
| Market cap | $1.6B | $3.1B |
| P/E (trailing) | 18.4 | 8.7 |
| Dividend yield | 0.63% | 2.14% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ICFI | MMS |
|---|---|---|
| 2022 | -2.9% | -6.4% |
| 2023 | +36.0% | +16.0% |
| 2024 | -10.8% | -9.7% |
| 2025 | -28.0% | +17.5% |
| 2026 | +5.7% | -29.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ICFI and MMS good diversifiers for each other?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ICFI and MMS?
The ICFI/MMS correlation stands at 0.51 on a 3-year window (1 year: 0.51, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is MMS a good diversifier for ICFI?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.51 mean?
A reading of 0.51 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/icfi-vs-mms.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/icfi-vs-mms/)
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Related comparisons
Hubs: ICFI correlations · MMS correlations
