MYRG vs ORN: Correlation
Measured on weekly returns over the past three years, MYR Group, Inc. (MYRG) and Orion Group Holdings, Inc. Common (ORN) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MYRG and ORN?
On 3 years of weekly data the MYRG/ORN correlation comes out at 0.49, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.62 versus 0.49 over 3 years. The 5-year figure is 0.37, and annualized covariance runs at 1581.1 %².
Among the 14 assets we track against MYRG, ORN ranks #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with MYRG ahead by 30.9 points (+65.5% versus +34.6%).
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.
MYRG vs ORN: side by side
| MYRG (MYR Group, Inc.) | ORN (Orion Group Holdings, Inc. Common) | |
|---|---|---|
| 1-year return | +65.5% | +34.6% |
| 5-year return | +196.6% | +77.6% |
| Volatility (ann.) | 49.8% | 65.3% |
| Beta vs S&P 500 | 1.63 | 1.64 |
| Max drawdown (3Y) | -50.3% | -57.6% |
| Market cap | $4.8B | $0.4B |
| P/E (trailing) | 29.7 | 121.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MYRG | ORN |
|---|---|---|
| 2022 | -16.7% | -36.9% |
| 2023 | +57.1% | +107.6% |
| 2024 | +2.9% | +48.4% |
| 2025 | +46.9% | +35.6% |
| 2026 | +41.6% | -2.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MYRG and ORN good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MYRG and ORN?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.62 over the last year and 0.37 over 5 years.
Is ORN a good diversifier for MYRG?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/myrg-vs-orn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/myrg-vs-orn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MYRG correlations · ORN correlations
