MEDP vs SUIG: Correlation
Measured on weekly returns over the past three years, Medpace Holdings, Inc. (MEDP) and Sui Group Holdings Limited (SUIG) 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 MEDP and SUIG?
On 3 years of weekly data the MEDP/SUIG correlation comes out at 0.53, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.16 versus 0.53 over 3 years. The 5-year figure is 0.38, and annualized covariance runs at 3971.8 %².
Within MEDP's tracked universe of 15 assets, SUIG comes in at #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MEDP outperformed by 112.6 percentage points (+29.2% for MEDP against -83.4% for SUIG). Note the risk asymmetry: SUIG runs 3.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
MEDP vs SUIG: side by side
| MEDP (Medpace Holdings, Inc.) | SUIG (Sui Group Holdings Limited) | |
|---|---|---|
| 1-year return | +29.2% | -83.4% |
| 5-year return | +231.5% | -88.3% |
| Volatility (ann.) | 46.4% | 162.1% |
| Beta vs S&P 500 | 1.04 | 1.61 |
| Max drawdown (3Y) | -39.4% | -89.2% |
| Market cap | $17.1B | $0.1B |
| P/E (trailing) | 36.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MEDP | SUIG |
|---|---|---|
| 2022 | -2.4% | -75.1% |
| 2023 | +44.3% | +19.5% |
| 2024 | +8.4% | -20.3% |
| 2025 | +69.1% | -14.4% |
| 2026 | +8.9% | -38.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MEDP and SUIG good diversifiers for each other?
Only partially. A correlation of 0.53 means MEDP and SUIG 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 MEDP and SUIG?
The MEDP/SUIG correlation stands at 0.53 on a 3-year window (1 year: 0.16, 5 years: 0.38), computed from weekly returns as of 2026-08-27.
Is SUIG a good diversifier for MEDP?
Only partially. A correlation of 0.53 means MEDP and SUIG 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
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Related comparisons
Hubs: MEDP correlations · SUIG correlations
