MDRR vs MEGI: Correlation
Medalist Diversified, Inc. (MDRR) and NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI) show a negative relationship: their 3-year correlation of weekly returns is -0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MDRR and MEGI?
Over the past 3 years, MDRR and MEGI moved with a correlation of -0.18, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.06) than the 3-year average (-0.18). Over 5 years the correlation is -0.03, and the annualized covariance of weekly returns is -100.9 %².
By 3-year correlation, MEGI places #18 of the 36 assets tracked against MDRR. Over the last 12 months MEGI came out ahead by 9.9 percentage points (+4.8% against +14.7%).
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.
MDRR vs MEGI: side by side
| MDRR (Medalist Diversified, Inc.) | MEGI (NYLI CBRE Global Infrastructure Megatrends Term Fund) | |
|---|---|---|
| 1-year return | +4.8% | +14.7% |
| 5-year return | -31.3% | +20.7% |
| Volatility (ann.) | 28.1% | 19.4% |
| Beta vs S&P 500 | -0.02 | 0.49 |
| Max drawdown (3Y) | -29.5% | -17.4% |
| Market cap | – | $0.8B |
| P/E (trailing) | 3.1 | 4.9 |
| Dividend yield | 2.21% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MDRR | MEGI |
|---|---|---|
| 2022 | -37.3% | -23.3% |
| 2023 | -4.0% | +5.5% |
| 2024 | +28.6% | +5.2% |
| 2025 | -5.5% | +26.2% |
| 2026 | -0.7% | +16.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MDRR and MEGI good diversifiers for each other?
Yes. With a correlation of -0.18, MDRR and MEGI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MDRR and MEGI?
The MDRR/MEGI correlation stands at -0.18 on a 3-year window (1 year: -0.06, 5 years: -0.03), computed from weekly returns as of 2026-08-27.
Is MEGI a good diversifier for MDRR?
Yes. With a correlation of -0.18, MDRR and MEGI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.18 mean?
A reading of -0.18 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mdrr-vs-megi.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mdrr-vs-megi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MDRR correlations · MEGI correlations
