MLR vs SGC: Correlation
How closely do Miller Industries, Inc. (MLR) and Superior Group of Companies, Inc. (SGC) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MLR and SGC?
Over the past 3 years, MLR and SGC moved with a correlation of 0.50, which is moderate. The past 12 months show a weaker link (0.37) than the 3-year average (0.50). Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 705.6 %².
Among the 14 assets we track against MLR, SGC ranks #7 by 3-year correlation. The last year tells two different stories: MLR led by 38.6 percentage points, +33.4% for MLR against -5.2% for SGC.
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.
MLR vs SGC: side by side
| MLR (Miller Industries, Inc.) | SGC (Superior Group of Companies, Inc.) | |
|---|---|---|
| 1-year return | +33.4% | -5.2% |
| 5-year return | +70.2% | -35.8% |
| Volatility (ann.) | 31.9% | 44.5% |
| Beta vs S&P 500 | 0.88 | 1.20 |
| Max drawdown (3Y) | -52.7% | -58.1% |
| Market cap | $0.7B | $0.2B |
| P/E (trailing) | 46.3 | 22.5 |
| Dividend yield | 1.43% | 4.52% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MLR | SGC |
|---|---|---|
| 2022 | -17.9% | -52.4% |
| 2023 | +61.8% | +42.3% |
| 2024 | +56.6% | +26.9% |
| 2025 | -41.7% | -38.4% |
| 2026 | +56.2% | +30.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MLR and SGC 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 MLR and SGC?
The MLR/SGC correlation stands at 0.50 on a 3-year window (1 year: 0.37, 5 years: 0.37), computed from weekly returns as of 2026-08-27.
Is SGC a good diversifier for MLR?
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.
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Related comparisons
Hubs: MLR correlations · SGC correlations
