MEC vs TKR: Correlation
Measured on weekly returns over the past three years, Mayville Engineering Company, Inc. (MEC) and Timken Company (The) (TKR) carry a correlation of 0.53, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MEC and TKR?
On 3 years of weekly data the MEC/TKR correlation comes out at 0.53, moderate. The past 12 months show a tighter link (0.65) than the 3-year average (0.53). The 5-year figure is 0.44, and annualized covariance runs at 716.4 %².
TKR is one of the assets that tracks MEC most closely: it ranks #1 out of the 12 assets we track against MEC. Correlation aside, the last 12 months split them widely, with TKR ahead by 20.3 points (+39.5% versus +59.8%). One caveat on sizing: MEC is 1.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
MEC vs TKR: side by side
| MEC (Mayville Engineering Company, Inc.) | TKR (Timken Company (The)) | |
|---|---|---|
| 1-year return | +39.5% | +59.8% |
| 5-year return | +34.1% | +80.3% |
| Volatility (ann.) | 49.2% | 27.4% |
| Beta vs S&P 500 | 0.79 | 0.98 |
| Max drawdown (3Y) | -45.8% | -37.6% |
| Market cap | $0.5B | $8.6B |
| P/E (trailing) | – | 33.7 |
| Dividend yield | 0.00% | 1.12% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MEC | TKR |
|---|---|---|
| 2022 | -15.1% | +3.9% |
| 2023 | +13.9% | +15.4% |
| 2024 | +9.0% | -9.5% |
| 2025 | +19.1% | +20.0% |
| 2026 | +8.7% | +49.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MEC and TKR good diversifiers for each other?
Only partially. A correlation of 0.53 means MEC and TKR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between MEC and TKR?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.65 over the last year and 0.44 over 5 years.
Is TKR a good diversifier for MEC?
Only partially. A correlation of 0.53 means MEC and TKR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 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/mec-vs-tkr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mec-vs-tkr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MEC correlations · TKR correlations
