MKC vs ORI: Correlation
Measured on weekly returns over the past three years, McCormick & Company (MKC) and Old Republic International Corporation (ORI) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MKC and ORI?
Over the past 3 years, MKC and ORI moved with a correlation of 0.50, which is moderate. The past 12 months show a tighter link (0.62) than the 3-year average (0.50). Over 5 years the correlation is 0.43, and the annualized covariance of weekly returns is 278.8 %².
Among the 34 assets we track against MKC, ORI ranks #5 by 3-year correlation. The last year tells two different stories: ORI led by 35.3 percentage points, -20.3% for MKC against +15.0% for ORI.
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.
MKC vs ORI: side by side
| MKC (McCormick & Company) | ORI (Old Republic International Corporation) | |
|---|---|---|
| 1-year return | -20.3% | +15.0% |
| 5-year return | -28.5% | +137.4% |
| Volatility (ann.) | 26.5% | 21.1% |
| Beta vs S&P 500 | 0.24 | 0.28 |
| Max drawdown (3Y) | -44.3% | -16.2% |
| Market cap | $14.7B | $10.2B |
| P/E (trailing) | 9.2 | 9.3 |
| Dividend yield | 3.38% | 2.85% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | MKC | ORI |
|---|---|---|
| 2022 | -12.7% | +6.7% |
| 2023 | -15.7% | +26.3% |
| 2024 | +14.0% | +27.1% |
| 2025 | -8.3% | +37.5% |
| 2026 | -18.5% | -0.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MKC and ORI good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between MKC and ORI?
The MKC/ORI correlation stands at 0.50 on a 3-year window (1 year: 0.62, 5 years: 0.43), computed from weekly returns as of 2026-08-27.
Is ORI a good diversifier for MKC?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 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
$ curl https://www.pairbook.io/api/v1/pairs/mkc-vs-ori.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mkc-vs-ori/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MKC correlations · ORI correlations
