MFIN vs MGIH: Correlation
Medallion Financial Corp. (MFIN) and Millennium Group International Holdings Limited (MGIH) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MFIN and MGIH?
Over the past 3 years, MFIN and MGIH moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.06) runs above the 3-year figure (-0.25). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -818.4 %².
MGIH is close to the least connected end of MFIN's tracked universe, ranking #11 of 14. Correlation aside, the last 12 months split them widely, with MFIN ahead by 32.2 points (+18.4% versus -13.8%). Risk is not evenly split, since MGIH carries 3.1 times the volatility of the other side.
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.
MFIN vs MGIH: side by side
| MFIN (Medallion Financial Corp.) | MGIH (Millennium Group International Holdings Limited) | |
|---|---|---|
| 1-year return | +18.4% | -13.8% |
| 5-year return | +74.5% | n/a |
| Volatility (ann.) | 32.3% | 100.5% |
| Beta vs S&P 500 | 0.90 | 0.32 |
| Max drawdown (3Y) | -30.8% | -60.1% |
| Market cap | $0.3B | – |
| P/E (trailing) | 8.8 | – |
| Dividend yield | 4.27% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MFIN | MGIH |
|---|---|---|
| 2022 | +28.4% | – |
| 2023 | +44.0% | – |
| 2024 | +0.1% | +21.8% |
| 2025 | +15.1% | -17.9% |
| 2026 | +19.5% | +26.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MFIN and MGIH good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MFIN and MGIH?
The MFIN/MGIH correlation stands at -0.25 on a 3-year window (1 year: -0.06, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is MGIH a good diversifier for MFIN?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 mean?
A reading of -0.25 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/mfin-vs-mgih.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mfin-vs-mgih/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MFIN correlations · MGIH correlations
