MEI vs NPO: Correlation
How closely do Methode Electronics, Inc. (MEI) and Enpro Inc. (NPO) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MEI and NPO?
Across a 3-year window, the weekly returns of MEI and NPO correlate at 0.49, moderate. Little has changed lately, as the 1-year reading of 0.58 lands near the 3-year figure. Stretching to 5 years gives 0.48, with an annualized covariance of 1287.4 %².
By 3-year correlation, NPO places #5 of the 10 assets tracked against MEI. Their recent paths diverged sharply: over the last 12 months MEI outperformed by 97.6 percentage points (+134.7% for MEI against +37.1% for NPO). Note the risk asymmetry: MEI runs 2.2 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.
MEI vs NPO: side by side
| MEI (Methode Electronics, Inc.) | NPO (Enpro Inc.) | |
|---|---|---|
| 1-year return | +134.7% | +37.1% |
| 5-year return | -56.2% | +270.5% |
| Volatility (ann.) | 76.6% | 34.4% |
| Beta vs S&P 500 | 1.94 | 1.27 |
| Max drawdown (3Y) | -82.7% | -33.7% |
| Market cap | $0.6B | $6.5B |
| P/E (trailing) | – | 149.1 |
| Dividend yield | 1.29% | 0.41% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MEI | NPO |
|---|---|---|
| 2022 | -8.5% | -0.2% |
| 2023 | -47.9% | +45.6% |
| 2024 | -46.0% | +10.9% |
| 2025 | -40.5% | +25.0% |
| 2026 | +172.4% | +44.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MEI and NPO good diversifiers for each other?
Reasonably. At 0.49, MEI and NPO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MEI and NPO?
As of 2026-08-27, the correlation of weekly returns between MEI and NPO is 0.49 over 3 years, 0.58 over 1 year and 0.48 over 5 years.
Is NPO a good diversifier for MEI?
Reasonably. At 0.49, MEI and NPO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 mean?
A reading of 0.49 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/mei-vs-npo.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mei-vs-npo/)
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Related comparisons
Hubs: MEI correlations · NPO correlations
