MDRR vs TFC: Correlation
Medalist Diversified, Inc. (MDRR) and Truist Financial (TFC) show a negative relationship: their 3-year correlation of weekly returns is -0.16.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MDRR and TFC?
Over the past 3 years, MDRR and TFC moved with a correlation of -0.16, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.26) sits close to the 3-year figure. Over 5 years the correlation is 0.04, and the annualized covariance of weekly returns is -124.4 %².
Within MDRR's tracked universe of 36 assets, TFC comes in at #13 by 3-year correlation. On 12-month performance TFC holds a 7.3-point edge, +4.8% against +12.1%.
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 TFC: side by side
| MDRR (Medalist Diversified, Inc.) | TFC (Truist Financial) | |
|---|---|---|
| 1-year return | +4.8% | +12.1% |
| 5-year return | -31.3% | +12.7% |
| Volatility (ann.) | 28.1% | 28.0% |
| Beta vs S&P 500 | -0.02 | 1.07 |
| Max drawdown (3Y) | -29.5% | -26.9% |
| Market cap | – | $61.4B |
| P/E (trailing) | 3.1 | 11.6 |
| Dividend yield | 2.21% | 4.10% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | MDRR | TFC |
|---|---|---|
| 2022 | -37.3% | -23.5% |
| 2023 | -4.0% | -8.6% |
| 2024 | +28.6% | +23.7% |
| 2025 | -5.5% | +19.0% |
| 2026 | -0.7% | +5.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MDRR and TFC 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 MDRR and TFC?
The MDRR/TFC correlation stands at -0.16 on a 3-year window (1 year: -0.26, 5 years: 0.04), computed from weekly returns as of 2026-08-27.
Is TFC a good diversifier for MDRR?
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?
A reading of -0.16 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-tfc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mdrr-vs-tfc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MDRR correlations · TFC correlations
