MGIH vs WCC: Correlation
Measured on weekly returns over the past three years, Millennium Group International Holdings Limited (MGIH) and WESCO International, Inc. (WCC) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MGIH and WCC?
On 3 years of weekly data the MGIH/WCC correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.07 versus -0.24 over 3 years. The 5-year figure is n/a, and annualized covariance runs at -903.6 %².
WCC is close to the least connected end of MGIH's tracked universe, ranking #11 of 12. Correlation aside, the last 12 months split them widely, with WCC ahead by 69.2 points (-13.8% versus +55.4%). One caveat on sizing: MGIH is 2.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
MGIH vs WCC: side by side
| MGIH (Millennium Group International Holdings Limited) | WCC (WESCO International, Inc.) | |
|---|---|---|
| 1-year return | -13.8% | +55.4% |
| 5-year return | n/a | +203.7% |
| Volatility (ann.) | 100.5% | 38.3% |
| Beta vs S&P 500 | 0.32 | 1.59 |
| Max drawdown (3Y) | -60.1% | -37.4% |
| Market cap | – | $17.1B |
| P/E (trailing) | – | 24.0 |
| Dividend yield | 0.00% | 0.55% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MGIH | WCC |
|---|---|---|
| 2022 | – | -4.9% |
| 2023 | – | +40.2% |
| 2024 | +21.8% | +5.1% |
| 2025 | -17.9% | +36.4% |
| 2026 | +26.6% | +43.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MGIH and WCC good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MGIH and WCC?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.07 over the last year and n/a over 5 years.
Is WCC a good diversifier for MGIH?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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
$ curl https://www.pairbook.io/api/v1/pairs/mgih-vs-wcc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mgih-vs-wcc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MGIH correlations · WCC correlations
