MRX vs WAB: Correlation
Marex Group Limited (MRX) and Wabtec (WAB) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MRX and WAB?
Over the past 3 years, MRX and WAB moved with a correlation of 0.40, which is moderate. Little has changed lately, as the 1-year reading of 0.49 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 395.0 %².
Among the 16 assets we track against MRX, WAB ranks #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MRX outperformed by 46.7 percentage points (+99.6% for MRX against +52.9% for WAB). Risk is not evenly split, since MRX carries 1.6 times the volatility of the other side.
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 WAB: side by side
| MRX (Marex Group Limited) | WAB (Wabtec) | |
|---|---|---|
| 1-year return | +99.6% | +52.9% |
| 5-year return | n/a | +241.0% |
| Volatility (ann.) | 39.3% | 25.3% |
| Beta vs S&P 500 | 0.44 | 0.99 |
| Max drawdown (3Y) | -41.1% | -23.6% |
| Market cap | – | $50.2B |
| P/E (trailing) | 14.6 | 40.5 |
| Dividend yield | 1.04% | 0.37% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | MRX | WAB |
|---|---|---|
| 2022 | – | +9.1% |
| 2023 | – | +28.0% |
| 2024 | – | +50.1% |
| 2025 | +25.1% | +13.2% |
| 2026 | +87.8% | +39.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MRX and WAB good diversifiers for each other?
Reasonably. At 0.40, MRX and WAB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MRX and WAB?
The MRX/WAB correlation stands at 0.40 on a 3-year window (1 year: 0.49, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is WAB a good diversifier for MRX?
Reasonably. At 0.40, MRX and WAB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 mean?
A reading of 0.40 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mrx-vs-wab.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mrx-vs-wab/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MRX correlations · WAB correlations
