MEDP vs TXN: Correlation
Measured on weekly returns over the past three years, Medpace Holdings, Inc. (MEDP) and Texas Instruments (TXN) carry a correlation of -0.17, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MEDP and TXN?
Across a 3-year window, the weekly returns of MEDP and TXN correlate at -0.17, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.46 versus -0.17 over 3 years. Stretching to 5 years gives 0.00, with an annualized covariance of -276.6 %².
TXN is close to the least connected end of MEDP's tracked universe, ranking #12 of 15. Neither side won the trailing year by much: +29.2% against +33.1%.
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.
MEDP vs TXN: side by side
| MEDP (Medpace Holdings, Inc.) | TXN (Texas Instruments) | |
|---|---|---|
| 1-year return | +29.2% | +33.1% |
| 5-year return | +231.5% | +60.4% |
| Volatility (ann.) | 46.4% | 34.3% |
| Beta vs S&P 500 | 1.04 | 1.28 |
| Max drawdown (3Y) | -39.4% | -33.4% |
| Market cap | $17.1B | $243.4B |
| P/E (trailing) | 36.4 | 40.6 |
| Dividend yield | 0.00% | 2.15% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | MEDP | TXN |
|---|---|---|
| 2022 | -2.4% | -9.9% |
| 2023 | +44.3% | +6.4% |
| 2024 | +8.4% | +13.1% |
| 2025 | +69.1% | -4.5% |
| 2026 | +8.9% | +56.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MEDP and TXN good diversifiers for each other?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MEDP and TXN?
The MEDP/TXN correlation stands at -0.17 on a 3-year window (1 year: -0.46, 5 years: 0.00), computed from weekly returns as of 2026-08-27.
Is TXN a good diversifier for MEDP?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.17 mean?
On the −1 to +1 scale, -0.17 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
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Related comparisons
Hubs: MEDP correlations · TXN correlations
