MED vs TBI: Correlation
Measured on weekly returns over the past three years, MEDIFAST INC (MED) and TrueBlue, Inc. (TBI) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MED and TBI?
Across a 3-year window, the weekly returns of MED and TBI correlate at 0.43, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.54 versus 0.43 over 3 years. Stretching to 5 years gives 0.36, with an annualized covariance of 1349.1 %².
Among the 12 assets we track against MED, TBI ranks #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TBI ahead by 90.3 points (-14.7% versus +75.6%).
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.
MED vs TBI: side by side
| MED (MEDIFAST INC) | TBI (TrueBlue, Inc.) | |
|---|---|---|
| 1-year return | -14.7% | +75.6% |
| 5-year return | -94.1% | -60.9% |
| Volatility (ann.) | 47.7% | 65.3% |
| Beta vs S&P 500 | 0.68 | 1.45 |
| Max drawdown (3Y) | -88.8% | -79.2% |
| Market cap | $0.1B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MED | TBI |
|---|---|---|
| 2022 | -42.3% | -29.2% |
| 2023 | -38.3% | -21.7% |
| 2024 | -73.8% | -45.2% |
| 2025 | -39.4% | -45.8% |
| 2026 | +13.9% | +134.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MED and TBI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MED and TBI?
As of 2026-08-27, the correlation of weekly returns between MED and TBI is 0.43 over 3 years, 0.54 over 1 year and 0.36 over 5 years.
Is TBI a good diversifier for MED?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 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/med-vs-tbi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/med-vs-tbi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MED correlations · TBI correlations
