MMI vs WHG: Correlation
How closely do Marcus & Millichap, Inc. (MMI) and Westwood Holdings Group Inc (WHG) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MMI and WHG?
On 3 years of weekly data the MMI/WHG correlation comes out at 0.42, moderate. The relationship has been stable: the 1-year correlation (0.36) sits close to the 3-year figure. The 5-year figure is 0.32, and annualized covariance runs at 434.2 %².
Within MMI's tracked universe of 18 assets, WHG comes in at #12 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months WHG outperformed by 15.7 percentage points (-1.3% for MMI against +14.4% for WHG).
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 WHG: side by side
| MMI (Marcus & Millichap, Inc.) | WHG (Westwood Holdings Group Inc) | |
|---|---|---|
| 1-year return | -1.3% | +14.4% |
| 5-year return | -11.7% | +12.6% |
| Volatility (ann.) | 31.5% | 33.1% |
| Beta vs S&P 500 | 0.84 | 0.61 |
| Max drawdown (3Y) | -41.7% | -21.2% |
| Market cap | $1.2B | $0.2B |
| P/E (trailing) | 85.9 | 22.8 |
| Dividend yield | 1.55% | 3.02% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MMI | WHG |
|---|---|---|
| 2022 | -30.8% | -31.4% |
| 2023 | +28.8% | +19.0% |
| 2024 | -11.2% | +20.9% |
| 2025 | -27.6% | +23.1% |
| 2026 | +17.5% | +17.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MMI and WHG good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MMI and WHG?
The MMI/WHG correlation stands at 0.42 on a 3-year window (1 year: 0.36, 5 years: 0.32), computed from weekly returns as of 2026-08-27.
Is WHG a good diversifier for MMI?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 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-whg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mmi-vs-whg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MMI correlations · WHG correlations
