MC vs PWP: Correlation
Measured on weekly returns over the past three years, Moelis & Company (MC) and Perella Weinberg Partners (PWP) carry a correlation of 0.71, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MC and PWP?
On 3 years of weekly data the MC/PWP correlation comes out at 0.71, strong. The relationship has been stable: the 1-year correlation (0.65) sits close to the 3-year figure. The 5-year figure is 0.67, and annualized covariance runs at 1004.7 %².
Within MC's tracked universe of 14 assets, PWP comes in at #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with MC ahead by 21.8 points (-1.5% versus -23.3%).
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.
MC vs PWP: side by side
| MC (Moelis & Company) | PWP (Perella Weinberg Partners) | |
|---|---|---|
| 1-year return | -1.5% | -23.3% |
| 5-year return | +42.5% | +35.6% |
| Volatility (ann.) | 35.1% | 40.0% |
| Beta vs S&P 500 | 1.41 | 1.36 |
| Max drawdown (3Y) | -39.3% | -43.1% |
| Market cap | $5.1B | $1.7B |
| P/E (trailing) | 23.4 | 62.8 |
| Dividend yield | 3.87% | 1.70% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MC | PWP |
|---|---|---|
| 2022 | -35.2% | -21.2% |
| 2023 | +54.9% | +28.4% |
| 2024 | +37.1% | +98.2% |
| 2025 | -3.1% | -26.5% |
| 2026 | +2.9% | -1.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MC and PWP good diversifiers for each other?
To a limited degree. At 0.71 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between MC and PWP?
The MC/PWP correlation stands at 0.71 on a 3-year window (1 year: 0.65, 5 years: 0.67), computed from weekly returns as of 2026-08-27.
Is PWP a good diversifier for MC?
To a limited degree. At 0.71 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.71 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/mc-vs-pwp.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mc-vs-pwp/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MC correlations · PWP correlations
