MCI vs RMD: Correlation
How closely do Barings Corporate Investors (MCI) and ResMed (RMD) trade together? Their weekly returns over three years give a correlation of -0.16, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MCI and RMD?
Over the past 3 years, MCI and RMD moved with a correlation of -0.16, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.03) runs above the 3-year figure (-0.16). Over 5 years the correlation is -0.02, and the annualized covariance of weekly returns is -123.4 %².
RMD is close to the least connected end of MCI's tracked universe, ranking #9 of 12. On 12-month performance MCI holds a 7.8-point edge, -7.7% against -15.5%.
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.
MCI vs RMD: side by side
| MCI (Barings Corporate Investors) | RMD (ResMed) | |
|---|---|---|
| 1-year return | -7.7% | -15.5% |
| 5-year return | +77.0% | -14.6% |
| Volatility (ann.) | 25.3% | 31.2% |
| Beta vs S&P 500 | 0.13 | 0.79 |
| Max drawdown (3Y) | -27.9% | -37.3% |
| Market cap | $0.4B | $34.0B |
| P/E (trailing) | 13.2 | 22.6 |
| Dividend yield | 8.73% | 1.02% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | MCI | RMD |
|---|---|---|
| 2022 | -5.9% | -19.5% |
| 2023 | +44.5% | -16.5% |
| 2024 | +20.8% | +34.2% |
| 2025 | -3.7% | +6.3% |
| 2026 | +3.7% | -1.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MCI and RMD good diversifiers for each other?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MCI and RMD?
The MCI/RMD correlation stands at -0.16 on a 3-year window (1 year: -0.03, 5 years: -0.02), computed from weekly returns as of 2026-08-27.
Is RMD a good diversifier for MCI?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.16 mean?
On the −1 to +1 scale, -0.16 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/mci-vs-rmd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mci-vs-rmd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MCI correlations · RMD correlations
