LOAR vs MRCY: Correlation
How closely do Loar Holdings Inc. (LOAR) and Mercury Systems Inc (MRCY) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LOAR and MRCY?
Over the past 3 years, LOAR and MRCY moved with a correlation of 0.46, which is moderate. The link has tightened recently: the 1-year correlation (0.60) runs above the 3-year figure (0.46). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 1172.0 %².
Among the 23 assets we track against LOAR, MRCY ranks #4 by 3-year correlation. The last year tells two different stories: MRCY led by 33.2 percentage points, -0.4% for LOAR against +32.8% for MRCY.
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.
LOAR vs MRCY: side by side
| LOAR (Loar Holdings Inc.) | MRCY (Mercury Systems Inc) | |
|---|---|---|
| 1-year return | -0.4% | +32.8% |
| 5-year return | n/a | +79.4% |
| Volatility (ann.) | 49.2% | 48.8% |
| Beta vs S&P 500 | 1.21 | 1.23 |
| Max drawdown (3Y) | -46.0% | -35.0% |
| Market cap | $6.8B | $5.4B |
| P/E (trailing) | 102.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LOAR | MRCY |
|---|---|---|
| 2022 | – | -18.7% |
| 2023 | – | -18.3% |
| 2024 | – | +14.8% |
| 2025 | -8.0% | +73.8% |
| 2026 | +7.5% | +23.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LOAR and MRCY good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between LOAR and MRCY?
The LOAR/MRCY correlation stands at 0.46 on a 3-year window (1 year: 0.60, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is MRCY a good diversifier for LOAR?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 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: LOAR correlations · MRCY correlations
