MMS vs NAII: Correlation
Maximus, Inc. (MMS) and Natural Alternatives International, Inc. (NAII) show a weak relationship: their 3-year correlation of weekly returns is 0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MMS and NAII?
Over the past 3 years, MMS and NAII moved with a correlation of 0.28, which is weak. The past 12 months show a tighter link (0.43) than the 3-year average (0.28). Over 5 years the correlation is 0.19, and the annualized covariance of weekly returns is 418.2 %².
Among the 12 assets we track against MMS, NAII ranks #7 by 3-year correlation. On 12-month performance MMS holds a 5.3-point edge, -30.7% against -36.0%. One caveat on sizing: NAII is 1.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
MMS vs NAII: side by side
| MMS (Maximus, Inc.) | NAII (Natural Alternatives International, Inc.) | |
|---|---|---|
| 1-year return | -30.7% | -36.0% |
| 5-year return | -25.0% | -85.1% |
| Volatility (ann.) | 30.4% | 49.2% |
| Beta vs S&P 500 | 0.50 | 0.09 |
| Max drawdown (3Y) | -45.1% | -71.7% |
| Market cap | $3.1B | – |
| P/E (trailing) | 8.7 | – |
| Dividend yield | 2.14% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MMS | NAII |
|---|---|---|
| 2022 | -6.4% | -33.7% |
| 2023 | +16.0% | -22.2% |
| 2024 | -9.7% | -34.0% |
| 2025 | +17.5% | -16.9% |
| 2026 | -29.9% | -36.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MMS and NAII good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MMS and NAII?
As of 2026-08-27, the correlation of weekly returns between MMS and NAII is 0.28 over 3 years, 0.43 over 1 year and 0.19 over 5 years.
Is NAII a good diversifier for MMS?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.28 mean?
A reading of 0.28 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: MMS correlations · NAII correlations
