CARS vs MNKD: Correlation
How closely do Cars.com Inc. (CARS) and MannKind Corporation (MNKD) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CARS and MNKD?
Over the past 3 years, CARS and MNKD moved with a correlation of 0.45, which is moderate. The past 12 months show a tighter link (0.60) than the 3-year average (0.45). Over 5 years the correlation is 0.31, and the annualized covariance of weekly returns is 1093.2 %².
Among the 14 assets we track against CARS, MNKD ranks #7 by 3-year correlation. Neither side won the trailing year by much: -10.6% against -10.2%.
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.
CARS vs MNKD: side by side
| CARS (Cars.com Inc.) | MNKD (MannKind Corporation) | |
|---|---|---|
| 1-year return | -10.6% | -10.2% |
| 5-year return | -7.8% | -13.8% |
| Volatility (ann.) | 42.1% | 57.7% |
| Beta vs S&P 500 | 1.42 | 1.17 |
| Max drawdown (3Y) | -63.4% | -69.4% |
| Market cap | $0.6B | $1.3B |
| P/E (trailing) | 21.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CARS | MNKD |
|---|---|---|
| 2022 | -14.4% | +20.6% |
| 2023 | +37.8% | -30.9% |
| 2024 | -8.6% | +76.6% |
| 2025 | -29.6% | -11.8% |
| 2026 | -3.5% | -28.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CARS and MNKD good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CARS and MNKD?
As of 2026-08-27, the correlation of weekly returns between CARS and MNKD is 0.45 over 3 years, 0.60 over 1 year and 0.31 over 5 years.
Is MNKD a good diversifier for CARS?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 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/cars-vs-mnkd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cars-vs-mnkd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CARS correlations · MNKD correlations
