MYRG vs PWR: Correlation
Measured on weekly returns over the past three years, MYR Group, Inc. (MYRG) and Quanta Services (PWR) carry a correlation of 0.70, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MYRG and PWR?
On 3 years of weekly data the MYRG/PWR correlation comes out at 0.70, strong. Little has changed lately, as the 1-year reading of 0.70 lands near the 3-year figure. The 5-year figure is 0.64, and annualized covariance runs at 1180.5 %².
In MYRG's tracked universe of 14 assets, PWR sits right near the top at #1. Neither side won the trailing year by much: +65.5% against +63.1%.
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 PWR: side by side
| MYRG (MYR Group, Inc.) | PWR (Quanta Services) | |
|---|---|---|
| 1-year return | +65.5% | +63.1% |
| 5-year return | +196.6% | +506.1% |
| Volatility (ann.) | 49.8% | 33.9% |
| Beta vs S&P 500 | 1.63 | 1.29 |
| Max drawdown (3Y) | -50.3% | -33.9% |
| Market cap | $4.8B | $93.5B |
| P/E (trailing) | 29.7 | 70.4 |
| Dividend yield | 0.00% | 0.07% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | MYRG | PWR |
|---|---|---|
| 2022 | -16.7% | +24.6% |
| 2023 | +57.1% | +51.7% |
| 2024 | +2.9% | +46.6% |
| 2025 | +46.9% | +33.7% |
| 2026 | +41.6% | +47.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MYRG and PWR good diversifiers for each other?
To a limited degree. At 0.70 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 MYRG and PWR?
Using weekly returns as of 2026-08-27: 0.70 over 3 years, with 0.70 over the last year and 0.64 over 5 years.
Is PWR a good diversifier for MYRG?
To a limited degree. At 0.70 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 0.70 mean?
On the −1 to +1 scale, 0.70 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-pwr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/myrg-vs-pwr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MYRG correlations · PWR correlations
