NMRK vs WHG: Correlation
Newmark Group, Inc. (NMRK) and Westwood Holdings Group Inc (WHG) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NMRK and WHG?
Across a 3-year window, the weekly returns of NMRK and WHG correlate at 0.41, moderate. Little has changed lately, as the 1-year reading of 0.32 lands near the 3-year figure. Stretching to 5 years gives 0.29, with an annualized covariance of 589.4 %².
By 3-year correlation, WHG places #13 of the 19 assets tracked against NMRK. The last year tells two different stories: WHG led by 28.2 percentage points, -13.8% for NMRK against +14.4% for WHG.
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.
NMRK vs WHG: side by side
| NMRK (Newmark Group, Inc.) | WHG (Westwood Holdings Group Inc) | |
|---|---|---|
| 1-year return | -13.8% | +14.4% |
| 5-year return | +23.3% | +12.6% |
| Volatility (ann.) | 43.4% | 33.1% |
| Beta vs S&P 500 | 1.49 | 0.61 |
| Max drawdown (3Y) | -36.6% | -21.2% |
| Market cap | $3.8B | $0.2B |
| P/E (trailing) | 19.7 | 22.8 |
| Dividend yield | 0.95% | 3.02% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NMRK | WHG |
|---|---|---|
| 2022 | -57.0% | -31.4% |
| 2023 | +39.9% | +19.0% |
| 2024 | +18.1% | +20.9% |
| 2025 | +36.5% | +23.1% |
| 2026 | -9.5% | +17.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NMRK and WHG good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between NMRK and WHG?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.32 over the last year and 0.29 over 5 years.
Is WHG a good diversifier for NMRK?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 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/nmrk-vs-whg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/nmrk-vs-whg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NMRK correlations · WHG correlations
