MORN vs TYL: Correlation
Measured on weekly returns over the past three years, Morningstar, Inc. (MORN) and Tyler Technologies (TYL) carry a correlation of 0.54, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MORN and TYL?
On 3 years of weekly data the MORN/TYL correlation comes out at 0.54, moderate. The link has tightened recently: the 1-year correlation (0.66) runs above the 3-year figure (0.54). The 5-year figure is 0.55, and annualized covariance runs at 490.0 %².
Within MORN's tracked universe of 21 assets, TYL comes in at #12 by 3-year correlation. The last year tells two different stories: MORN led by 17.4 percentage points, -16.6% for MORN against -34.0% for TYL.
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.
MORN vs TYL: side by side
| MORN (Morningstar, Inc.) | TYL (Tyler Technologies) | |
|---|---|---|
| 1-year return | -16.6% | -34.0% |
| 5-year return | -15.1% | -22.5% |
| Volatility (ann.) | 30.5% | 29.6% |
| Beta vs S&P 500 | 0.77 | 0.61 |
| Max drawdown (3Y) | -60.0% | -57.4% |
| Market cap | $8.2B | $15.1B |
| P/E (trailing) | 20.2 | 46.3 |
| Dividend yield | 0.92% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | MORN | TYL |
|---|---|---|
| 2022 | -36.3% | -40.1% |
| 2023 | +33.1% | +29.7% |
| 2024 | +18.3% | +37.9% |
| 2025 | -35.1% | -21.3% |
| 2026 | +1.5% | -18.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MORN and TYL good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between MORN and TYL?
Using weekly returns as of 2026-08-27: 0.54 over 3 years, with 0.66 over the last year and 0.55 over 5 years.
Is TYL a good diversifier for MORN?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/morn-vs-tyl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/morn-vs-tyl/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MORN correlations · TYL correlations
