CMP vs SCSC: Correlation
How closely do Compass Minerals Intl Inc (CMP) and ScanSource, Inc. (SCSC) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMP and SCSC?
Across a 3-year window, the weekly returns of CMP and SCSC correlate at 0.43, moderate. The link has loosened recently: the 1-year correlation (0.22) runs below the 3-year figure (0.43). Stretching to 5 years gives 0.44, with an annualized covariance of 839.7 %².
Few assets follow CMP as closely as SCSC, which ranks #1 of 10 tracked partners. Their 12-month results are close: +30.8% for CMP against +30.0% for SCSC. One caveat on sizing: CMP is 1.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CMP vs SCSC: side by side
| CMP (Compass Minerals Intl Inc) | SCSC (ScanSource, Inc.) | |
|---|---|---|
| 1-year return | +30.8% | +30.0% |
| 5-year return | -60.3% | +60.7% |
| Volatility (ann.) | 55.5% | 35.5% |
| Beta vs S&P 500 | 0.86 | 1.21 |
| Max drawdown (3Y) | -74.2% | -44.2% |
| Market cap | $1.0B | $1.2B |
| P/E (trailing) | 59.4 | 15.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CMP | SCSC |
|---|---|---|
| 2022 | -18.7% | -16.7% |
| 2023 | -37.0% | +35.6% |
| 2024 | -55.3% | +19.8% |
| 2025 | +74.6% | -17.7% |
| 2026 | +27.0% | +48.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMP and SCSC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CMP and SCSC?
The CMP/SCSC correlation stands at 0.43 on a 3-year window (1 year: 0.22, 5 years: 0.44), computed from weekly returns as of 2026-08-27.
Is SCSC a good diversifier for CMP?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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/cmp-vs-scsc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cmp-vs-scsc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CMP correlations · SCSC correlations
