MKTX vs MYGN: Correlation
Measured on weekly returns over the past three years, MarketAxess Holdings, Inc. (MKTX) and Myriad Genetics, Inc. (MYGN) carry a correlation of -0.29, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MKTX and MYGN?
Over the past 3 years, MKTX and MYGN moved with a correlation of -0.29, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.61) runs below the 3-year figure (-0.29). Over 5 years the correlation is -0.02, and the annualized covariance of weekly returns is -891.7 %².
MYGN is close to the least connected end of MKTX's tracked universe, ranking #13 of 14. Their recent paths diverged sharply: over the last 12 months MKTX outperformed by 34.7 percentage points (-11.7% for MKTX against -46.4% for MYGN). Note the risk asymmetry: MYGN runs 2.1 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.
MKTX vs MYGN: side by side
| MKTX (MarketAxess Holdings, Inc.) | MYGN (Myriad Genetics, Inc.) | |
|---|---|---|
| 1-year return | -11.7% | -46.4% |
| 5-year return | -63.7% | -91.1% |
| Volatility (ann.) | 37.8% | 80.5% |
| Beta vs S&P 500 | 0.21 | 1.49 |
| Max drawdown (3Y) | -61.8% | -90.0% |
| Market cap | $5.7B | $0.3B |
| P/E (trailing) | 19.2 | – |
| Dividend yield | 1.90% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MKTX | MYGN |
|---|---|---|
| 2022 | -31.5% | -47.4% |
| 2023 | +6.1% | +31.9% |
| 2024 | -21.8% | -28.4% |
| 2025 | -18.5% | -55.1% |
| 2026 | -9.0% | -48.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MKTX and MYGN good diversifiers for each other?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MKTX and MYGN?
Using weekly returns as of 2026-08-27: -0.29 over 3 years, with -0.61 over the last year and -0.02 over 5 years.
Is MYGN a good diversifier for MKTX?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.29 mean?
A reading of -0.29 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/mktx-vs-mygn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mktx-vs-mygn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MKTX correlations · MYGN correlations
