KG vs MMI: Correlation
Measured on weekly returns over the past three years, Kestrel Group, Ltd. (KG) and Marcus & Millichap, Inc. (MMI) carry a correlation of 0.36, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KG and MMI?
Over the past 3 years, KG and MMI moved with a correlation of 0.36, which is moderate. Recent behaviour matches the longer record: 0.42 over 1 year against 0.36 over 3. Over 5 years the correlation is 0.36, and the annualized covariance of weekly returns is 864.1 %².
MMI is one of the assets that tracks KG most closely: it ranks #3 out of the 10 assets we track against KG. The last year tells two different stories: MMI led by 71.5 percentage points, -72.8% for KG against -1.3% for MMI. Risk is not evenly split, since KG carries 2.4 times the volatility of the other side.
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.
KG vs MMI: side by side
| KG (Kestrel Group, Ltd.) | MMI (Marcus & Millichap, Inc.) | |
|---|---|---|
| 1-year return | -72.8% | -1.3% |
| 5-year return | -87.8% | -11.7% |
| Volatility (ann.) | 75.1% | 31.5% |
| Beta vs S&P 500 | 1.49 | 0.84 |
| Max drawdown (3Y) | -85.0% | -41.7% |
| Market cap | $0.1B | $1.2B |
| P/E (trailing) | – | 85.9 |
| Dividend yield | 0.00% | 1.55% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KG | MMI |
|---|---|---|
| 2022 | -31.0% | -30.8% |
| 2023 | +8.5% | +28.8% |
| 2024 | -26.2% | -11.2% |
| 2025 | -69.7% | -27.6% |
| 2026 | -26.0% | +17.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KG and MMI good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between KG and MMI?
The KG/MMI correlation stands at 0.36 on a 3-year window (1 year: 0.42, 5 years: 0.36), computed from weekly returns as of 2026-08-27.
Is MMI a good diversifier for KG?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.36 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/kg-vs-mmi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kg-vs-mmi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KG correlations · MMI correlations
