MCY vs STEW: Correlation
How closely do Mercury General Corporation (MCY) and SRH Total Return Fund, Inc. (STEW) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MCY and STEW?
On 3 years of weekly data the MCY/STEW correlation comes out at 0.52, moderate. Little has changed lately, as the 1-year reading of 0.52 lands near the 3-year figure. The 5-year figure is 0.44, and annualized covariance runs at 263.8 %².
Within MCY's tracked universe of 14 assets, STEW comes in at #5 by 3-year correlation. The last year tells two different stories: MCY led by 28.9 percentage points, +34.1% for MCY against +5.2% for STEW. Note the risk asymmetry: MCY runs 2.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
MCY vs STEW: side by side
| MCY (Mercury General Corporation) | STEW (SRH Total Return Fund, Inc.) | |
|---|---|---|
| 1-year return | +34.1% | +5.2% |
| 5-year return | +99.9% | +61.2% |
| Volatility (ann.) | 35.8% | 14.1% |
| Beta vs S&P 500 | 0.75 | 0.67 |
| Max drawdown (3Y) | -40.0% | -10.5% |
| Market cap | – | $1.8B |
| P/E (trailing) | 6.2 | 12.1 |
| Dividend yield | 1.21% | 3.91% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MCY | STEW |
|---|---|---|
| 2022 | -32.6% | -7.3% |
| 2023 | +13.6% | +13.5% |
| 2024 | +82.3% | +19.9% |
| 2025 | +44.1% | +20.3% |
| 2026 | +9.9% | +3.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MCY and STEW good diversifiers for each other?
To a limited degree. At 0.52 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 MCY and STEW?
The MCY/STEW correlation stands at 0.52 on a 3-year window (1 year: 0.52, 5 years: 0.44), computed from weekly returns as of 2026-08-27.
Is STEW a good diversifier for MCY?
To a limited degree. At 0.52 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 0.52 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/mcy-vs-stew.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mcy-vs-stew/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MCY correlations · STEW correlations
