ALLE vs MAS: Correlation
How closely do Allegion (ALLE) and Masco (MAS) trade together? Their weekly returns over three years give a correlation of 0.63, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALLE and MAS?
On 3 years of weekly data the ALLE/MAS correlation comes out at 0.63, strong. The relationship has been stable: the 1-year correlation (0.56) sits close to the 3-year figure. The 5-year figure is 0.67, and annualized covariance runs at 452.2 %².
By 3-year correlation, MAS places #6 of the 33 assets tracked against ALLE. Over the last 12 months MAS came out ahead by 5.9 percentage points (-6.4% against -0.5%). The rolling one-year correlation moved between 0.53 and 0.84 over the past three years, a moderate range.
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.
ALLE vs MAS: side by side
| ALLE (Allegion) | MAS (Masco) | |
|---|---|---|
| 1-year return | -6.4% | -0.5% |
| 5-year return | +19.4% | +29.1% |
| Volatility (ann.) | 24.3% | 29.6% |
| Beta vs S&P 500 | 0.60 | 0.95 |
| Max drawdown (3Y) | -29.8% | -30.9% |
| Market cap | $13.6B | $14.4B |
| P/E (trailing) | 21.0 | 17.0 |
| Dividend yield | 1.32% | 1.71% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | ALLE | MAS |
|---|---|---|
| 2022 | -19.3% | -32.1% |
| 2023 | +22.3% | +46.6% |
| 2024 | +4.7% | +10.0% |
| 2025 | +22.8% | -10.9% |
| 2026 | +1.1% | +16.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALLE and MAS good diversifiers for each other?
Somewhat, no more. With 0.63 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ALLE and MAS?
The ALLE/MAS correlation stands at 0.63 on a 3-year window (1 year: 0.56, 5 years: 0.67), computed from weekly returns as of 2026-08-27.
Is MAS a good diversifier for ALLE?
Somewhat, no more. With 0.63 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.63 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/alle-vs-mas.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: ALLE correlations · MAS correlations
