NEU vs PFG: Correlation
NewMarket Corp (NEU) and Principal Financial Group (PFG) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NEU and PFG?
On 3 years of weekly data the NEU/PFG correlation comes out at 0.44, moderate. The link has tightened recently: the 1-year correlation (0.60) runs above the 3-year figure (0.44). The 5-year figure is 0.36, and annualized covariance runs at 283.6 %².
PFG is one of the assets that tracks NEU most closely: it ranks #1 out of the 10 assets we track against NEU. Their recent paths diverged sharply: over the last 12 months PFG outperformed by 29.8 percentage points (+14.1% for NEU against +43.9% for PFG).
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.
NEU vs PFG: side by side
| NEU (NewMarket Corp) | PFG (Principal Financial Group) | |
|---|---|---|
| 1-year return | +14.1% | +43.9% |
| 5-year return | +195.8% | +99.7% |
| Volatility (ann.) | 27.9% | 22.9% |
| Beta vs S&P 500 | 0.58 | 0.88 |
| Max drawdown (3Y) | -32.8% | -22.4% |
| Market cap | $8.5B | $24.0B |
| P/E (trailing) | 19.9 | 16.0 |
| Dividend yield | 1.27% | 2.84% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | NEU | PFG |
|---|---|---|
| 2022 | -6.7% | +20.1% |
| 2023 | +79.1% | -2.8% |
| 2024 | -1.5% | +1.9% |
| 2025 | +32.3% | +18.4% |
| 2026 | +35.6% | +29.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NEU and PFG good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between NEU and PFG?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.60 over the last year and 0.36 over 5 years.
Is PFG a good diversifier for NEU?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 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/neu-vs-pfg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/neu-vs-pfg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NEU correlations · PFG correlations
