MRX vs NABL: Correlation
Marex Group Limited (MRX) and N-able, Inc. (NABL) show a negative relationship: their 3-year correlation of weekly returns is -0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MRX and NABL?
On 3 years of weekly data the MRX/NABL correlation comes out at -0.32, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.49 versus -0.32 over 3 years. The 5-year figure is n/a, and annualized covariance runs at -687.3 %².
NABL is close to the least connected end of MRX's tracked universe, ranking #15 of 16. Their recent paths diverged sharply: over the last 12 months MRX outperformed by 150.1 percentage points (+99.6% for MRX against -50.5% for NABL).
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.
MRX vs NABL: side by side
| MRX (Marex Group Limited) | NABL (N-able, Inc.) | |
|---|---|---|
| 1-year return | +99.6% | -50.5% |
| 5-year return | n/a | -69.9% |
| Volatility (ann.) | 39.3% | 49.3% |
| Beta vs S&P 500 | 0.44 | 0.78 |
| Max drawdown (3Y) | -41.1% | -80.4% |
| Market cap | – | $0.7B |
| P/E (trailing) | 14.6 | – |
| Dividend yield | 1.04% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MRX | NABL |
|---|---|---|
| 2022 | – | -7.4% |
| 2023 | – | +28.9% |
| 2024 | – | -29.5% |
| 2025 | +25.1% | -19.9% |
| 2026 | +87.8% | -47.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MRX and NABL good diversifiers for each other?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
FAQ
What is the correlation between MRX and NABL?
Using weekly returns as of 2026-08-27: -0.32 over 3 years, with -0.49 over the last year and n/a over 5 years.
Is NABL a good diversifier for MRX?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
What does a correlation of -0.32 mean?
On the −1 to +1 scale, -0.32 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.
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Related comparisons
Hubs: MRX correlations · NABL correlations
