AIN vs MTX: Correlation
Albany International Corporation (AIN) and Minerals Technologies Inc. (MTX) show a strong relationship: their 3-year correlation of weekly returns is 0.60.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIN and MTX?
Across a 3-year window, the weekly returns of AIN and MTX correlate at 0.60, strong. Little has changed lately, as the 1-year reading of 0.53 lands near the 3-year figure. Stretching to 5 years gives 0.57, with an annualized covariance of 659.1 %².
Within AIN's tracked universe of 20 assets, MTX comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with MTX ahead by 17.6 points (-5.6% versus +12.0%).
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.
AIN vs MTX: side by side
| AIN (Albany International Corporation) | MTX (Minerals Technologies Inc.) | |
|---|---|---|
| 1-year return | -5.6% | +12.0% |
| 5-year return | -19.2% | -6.2% |
| Volatility (ann.) | 36.2% | 30.4% |
| Beta vs S&P 500 | 1.13 | 0.90 |
| Max drawdown (3Y) | -57.1% | -42.5% |
| Market cap | $1.7B | $2.3B |
| P/E (trailing) | – | – |
| Dividend yield | 1.88% | 0.65% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AIN | MTX |
|---|---|---|
| 2022 | +12.6% | -16.7% |
| 2023 | +0.7% | +18.0% |
| 2024 | -17.6% | +7.4% |
| 2025 | -35.5% | -19.4% |
| 2026 | +17.9% | +19.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIN and MTX good diversifiers for each other?
To a limited degree. At 0.60 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 AIN and MTX?
As of 2026-08-27, the correlation of weekly returns between AIN and MTX is 0.60 over 3 years, 0.53 over 1 year and 0.57 over 5 years.
Is MTX a good diversifier for AIN?
To a limited degree. At 0.60 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 0.60 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/ain-vs-mtx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ain-vs-mtx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AIN correlations · MTX correlations
