MYE vs WY: Correlation
Measured on weekly returns over the past three years, Myers Industries, Inc. (MYE) and Weyerhaeuser (WY) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MYE and WY?
Over the past 3 years, MYE and WY moved with a correlation of 0.52, which is moderate. Little has changed lately, as the 1-year reading of 0.47 lands near the 3-year figure. Over 5 years the correlation is 0.43, and the annualized covariance of weekly returns is 501.8 %².
By 3-year correlation, WY places #4 of the 13 assets tracked against MYE. Their recent paths diverged sharply: over the last 12 months MYE outperformed by 108.0 percentage points (+101.9% for MYE against -6.1% for WY). One caveat on sizing: MYE 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.
MYE vs WY: side by side
| MYE (Myers Industries, Inc.) | WY (Weyerhaeuser) | |
|---|---|---|
| 1-year return | +101.9% | -6.1% |
| 5-year return | +70.0% | -19.5% |
| Volatility (ann.) | 39.3% | 24.8% |
| Beta vs S&P 500 | 0.73 | 0.64 |
| Max drawdown (3Y) | -59.0% | -38.0% |
| Market cap | $1.3B | $17.1B |
| P/E (trailing) | 24.8 | 36.5 |
| Dividend yield | 1.62% | 3.49% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | MYE | WY |
|---|---|---|
| 2022 | +14.0% | -20.4% |
| 2023 | -9.5% | +18.0% |
| 2024 | -41.4% | -16.6% |
| 2025 | +75.7% | -13.0% |
| 2026 | +79.9% | +1.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MYE and WY good diversifiers for each other?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between MYE and WY?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.47 over the last year and 0.43 over 5 years.
Is WY a good diversifier for MYE?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.52 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/mye-vs-wy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mye-vs-wy/)
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Related comparisons
Hubs: MYE correlations · WY correlations
