ITGR vs MMSI: Correlation
How closely do Integer Holdings Corporation (ITGR) and Merit Medical Systems, Inc. (MMSI) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ITGR and MMSI?
Over the past 3 years, ITGR and MMSI moved with a correlation of 0.39, which is moderate. Recent behaviour matches the longer record: 0.34 over 1 year against 0.39 over 3. Over 5 years the correlation is 0.43, and the annualized covariance of weekly returns is 329.2 %².
By 3-year correlation, MMSI places #4 of the 14 assets tracked against ITGR. Correlation aside, the last 12 months split them widely, with ITGR ahead by 17.3 points (+15.9% versus -1.4%).
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.
ITGR vs MMSI: side by side
| ITGR (Integer Holdings Corporation) | MMSI (Merit Medical Systems, Inc.) | |
|---|---|---|
| 1-year return | +15.9% | -1.4% |
| 5-year return | +28.7% | +25.2% |
| Volatility (ann.) | 33.7% | 24.7% |
| Beta vs S&P 500 | 0.56 | 0.50 |
| Max drawdown (3Y) | -56.1% | -45.3% |
| Market cap | $4.3B | $5.3B |
| P/E (trailing) | 34.2 | 37.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ITGR | MMSI |
|---|---|---|
| 2022 | -20.0% | +13.4% |
| 2023 | +44.7% | +7.6% |
| 2024 | +33.8% | +27.3% |
| 2025 | -40.8% | -8.9% |
| 2026 | +59.8% | +1.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ITGR and MMSI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ITGR and MMSI?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.34 over the last year and 0.43 over 5 years.
Is MMSI a good diversifier for ITGR?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 mean?
On the −1 to +1 scale, 0.39 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.
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Related comparisons
Hubs: ITGR correlations · MMSI correlations
