MMI vs NMRK: Correlation
How closely do Marcus & Millichap, Inc. (MMI) and Newmark Group, Inc. (NMRK) trade together? Their weekly returns over three years give a correlation of 0.74, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MMI and NMRK?
On 3 years of weekly data the MMI/NMRK correlation comes out at 0.74, strong. Little has changed lately, as the 1-year reading of 0.68 lands near the 3-year figure. The 5-year figure is 0.73, and annualized covariance runs at 1011.3 %².
In MMI's tracked universe of 18 assets, NMRK sits right near the top at #2. Over the last 12 months MMI came out ahead by 12.5 percentage points (-1.3% against -13.8%).
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.
MMI vs NMRK: side by side
| MMI (Marcus & Millichap, Inc.) | NMRK (Newmark Group, Inc.) | |
|---|---|---|
| 1-year return | -1.3% | -13.8% |
| 5-year return | -11.7% | +23.3% |
| Volatility (ann.) | 31.5% | 43.4% |
| Beta vs S&P 500 | 0.84 | 1.49 |
| Max drawdown (3Y) | -41.7% | -36.6% |
| Market cap | $1.2B | $3.8B |
| P/E (trailing) | 85.9 | 19.7 |
| Dividend yield | 1.55% | 0.95% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MMI | NMRK |
|---|---|---|
| 2022 | -30.8% | -57.0% |
| 2023 | +28.8% | +39.9% |
| 2024 | -11.2% | +18.1% |
| 2025 | -27.6% | +36.5% |
| 2026 | +17.5% | -9.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MMI and NMRK good diversifiers for each other?
To a limited degree. At 0.74 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between MMI and NMRK?
Using weekly returns as of 2026-08-27: 0.74 over 3 years, with 0.68 over the last year and 0.73 over 5 years.
Is NMRK a good diversifier for MMI?
To a limited degree. At 0.74 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.74 mean?
On the −1 to +1 scale, 0.74 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/mmi-vs-nmrk.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mmi-vs-nmrk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MMI correlations · NMRK correlations
