LEG vs MED: Correlation
How closely do Leggett & Platt, Incorporated (LEG) and MEDIFAST INC (MED) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LEG and MED?
Over the past 3 years, LEG and MED moved with a correlation of 0.42, which is moderate. The past 12 months show a weaker link (0.20) than the 3-year average (0.42). Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 913.4 %².
Within LEG's tracked universe of 16 assets, MED comes in at #10 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months LEG outperformed by 27.4 percentage points (+12.7% for LEG against -14.7% for MED).
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.
LEG vs MED: side by side
| LEG (Leggett & Platt, Incorporated) | MED (MEDIFAST INC) | |
|---|---|---|
| 1-year return | +12.7% | -14.7% |
| 5-year return | -72.6% | -94.1% |
| Volatility (ann.) | 48.5% | 47.7% |
| Beta vs S&P 500 | 1.29 | 0.68 |
| Max drawdown (3Y) | -76.8% | -88.8% |
| Market cap | $1.3B | $0.1B |
| P/E (trailing) | 5.9 | – |
| Dividend yield | 2.15% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LEG | MED |
|---|---|---|
| 2022 | -17.8% | -42.3% |
| 2023 | -13.5% | -38.3% |
| 2024 | -61.9% | -73.8% |
| 2025 | +17.0% | -39.4% |
| 2026 | +1.2% | +13.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LEG and MED good diversifiers for each other?
Reasonably. At 0.42, LEG and MED keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between LEG and MED?
As of 2026-08-27, the correlation of weekly returns between LEG and MED is 0.42 over 3 years, 0.20 over 1 year and 0.37 over 5 years.
Is MED a good diversifier for LEG?
Reasonably. At 0.42, LEG and MED keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 mean?
A reading of 0.42 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/leg-vs-med.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/leg-vs-med/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LEG correlations · MED correlations
