MDRR vs QSR: Correlation
Medalist Diversified, Inc. (MDRR) and Restaurant Brands International Inc. (QSR) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MDRR and QSR?
On 3 years of weekly data the MDRR/QSR correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.49 versus -0.24 over 3 years. The 5-year figure is -0.05, and annualized covariance runs at -139.4 %².
Within MDRR's tracked universe of 36 assets, QSR comes in at #31 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QSR outperformed by 24.5 percentage points (+4.8% for MDRR against +29.3% for QSR).
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 QSR: side by side
| MDRR (Medalist Diversified, Inc.) | QSR (Restaurant Brands International Inc.) | |
|---|---|---|
| 1-year return | +4.8% | +29.3% |
| 5-year return | -31.3% | +45.4% |
| Volatility (ann.) | 28.1% | 20.7% |
| Beta vs S&P 500 | -0.02 | 0.32 |
| Max drawdown (3Y) | -29.5% | -24.5% |
| Market cap | – | $35.8B |
| P/E (trailing) | 3.1 | 19.9 |
| Dividend yield | 2.21% | 3.20% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MDRR | QSR |
|---|---|---|
| 2022 | -37.3% | +10.7% |
| 2023 | -4.0% | +24.6% |
| 2024 | +28.6% | -13.8% |
| 2025 | -5.5% | +8.6% |
| 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 QSR good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MDRR and QSR?
As of 2026-08-27, the correlation of weekly returns between MDRR and QSR is -0.24 over 3 years, -0.49 over 1 year and -0.05 over 5 years.
Is QSR a good diversifier for MDRR?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 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/mdrr-vs-qsr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mdrr-vs-qsr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MDRR correlations · QSR correlations
