MRSH vs RMCF: Correlation
Measured on weekly returns over the past three years, Marsh McLennan (MRSH) and Rocky Mountain Chocolate Factory, Inc. (RMCF) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MRSH and RMCF?
Over the past 3 years, MRSH and RMCF moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.29 lands near the 3-year figure. Over 5 years the correlation is -0.13, and the annualized covariance of weekly returns is -270.5 %².
RMCF is close to the least connected end of MRSH's tracked universe, ranking #35 of 38. Over the last 12 months MRSH came out ahead by 13.9 percentage points (-6.0% against -19.9%). Note the risk asymmetry: RMCF runs 3.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
MRSH vs RMCF: side by side
| MRSH (Marsh McLennan) | RMCF (Rocky Mountain Chocolate Factory, Inc.) | |
|---|---|---|
| 1-year return | -6.0% | -19.9% |
| 5-year return | +31.3% | -84.3% |
| Volatility (ann.) | 18.1% | 68.5% |
| Beta vs S&P 500 | 0.33 | 0.77 |
| Max drawdown (3Y) | -34.4% | -87.0% |
| Market cap | $90.7B | – |
| P/E (trailing) | 23.6 | – |
| Dividend yield | 1.91% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | MRSH | RMCF |
|---|---|---|
| 2022 | -3.5% | -27.4% |
| 2023 | +16.1% | -19.3% |
| 2024 | +13.7% | -47.2% |
| 2025 | -11.3% | -21.8% |
| 2026 | +4.0% | -38.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MRSH and RMCF good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MRSH and RMCF?
As of 2026-08-27, the correlation of weekly returns between MRSH and RMCF is -0.22 over 3 years, -0.29 over 1 year and -0.13 over 5 years.
Is RMCF a good diversifier for MRSH?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 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
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Related comparisons
Hubs: MRSH correlations · RMCF correlations
