MAX vs NRC: Correlation
Measured on weekly returns over the past three years, MediaAlpha, Inc. (MAX) and NRC Health (NRC) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MAX and NRC?
Over the past 3 years, MAX and NRC moved with a correlation of 0.39, which is moderate. Little has changed lately, as the 1-year reading of 0.48 lands near the 3-year figure. Over 5 years the correlation is 0.30, and the annualized covariance of weekly returns is 1112.5 %².
Among the 11 assets we track against MAX, NRC ranks #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months NRC outperformed by 25.9 percentage points (+21.2% for MAX against +47.1% for NRC).
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.
MAX vs NRC: side by side
| MAX (MediaAlpha, Inc.) | NRC (NRC Health) | |
|---|---|---|
| 1-year return | +21.2% | +47.1% |
| 5-year return | -44.3% | -53.4% |
| Volatility (ann.) | 58.2% | 48.5% |
| Beta vs S&P 500 | 0.96 | 0.51 |
| Max drawdown (3Y) | -67.7% | -77.6% |
| Market cap | $0.7B | $0.5B |
| P/E (trailing) | 7.8 | 91.7 |
| Dividend yield | 0.00% | 2.73% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MAX | NRC |
|---|---|---|
| 2022 | -35.6% | -8.2% |
| 2023 | +12.1% | +9.6% |
| 2024 | +1.3% | -54.5% |
| 2025 | +14.7% | +10.0% |
| 2026 | -2.9% | +19.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MAX and NRC good diversifiers for each other?
Reasonably. At 0.39, MAX and NRC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MAX and NRC?
The MAX/NRC correlation stands at 0.39 on a 3-year window (1 year: 0.48, 5 years: 0.30), computed from weekly returns as of 2026-08-27.
Is NRC a good diversifier for MAX?
Reasonably. At 0.39, MAX and NRC keep a meaningful degree of independence, and combining them has historically reduced portfolio 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/max-vs-nrc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/max-vs-nrc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MAX correlations · NRC correlations
