CMP vs SSYS: Correlation
How closely do Compass Minerals Intl Inc (CMP) and Stratasys, Ltd. (SSYS) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMP and SSYS?
Over the past 3 years, CMP and SSYS moved with a correlation of 0.39, which is moderate. The past 12 months show a weaker link (0.25) than the 3-year average (0.39). Over 5 years the correlation is 0.38, and the annualized covariance of weekly returns is 1105.6 %².
SSYS is one of the assets that tracks CMP most closely: it ranks #2 out of the 10 assets we track against CMP. Their recent paths diverged sharply: over the last 12 months CMP outperformed by 58.5 percentage points (+30.8% for CMP against -27.7% for SSYS).
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 SSYS: side by side
| CMP (Compass Minerals Intl Inc) | SSYS (Stratasys, Ltd.) | |
|---|---|---|
| 1-year return | +30.8% | -27.7% |
| 5-year return | -60.3% | -61.1% |
| Volatility (ann.) | 55.5% | 50.7% |
| Beta vs S&P 500 | 0.86 | 1.38 |
| Max drawdown (3Y) | -74.2% | -58.4% |
| Market cap | $1.0B | $0.7B |
| P/E (trailing) | 59.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CMP | SSYS |
|---|---|---|
| 2022 | -18.7% | -51.6% |
| 2023 | -37.0% | +20.4% |
| 2024 | -55.3% | -37.7% |
| 2025 | +74.6% | -2.4% |
| 2026 | +27.0% | -8.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMP and SSYS good diversifiers for each other?
Reasonably. At 0.39, CMP and SSYS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CMP and SSYS?
As of 2026-08-27, the correlation of weekly returns between CMP and SSYS is 0.39 over 3 years, 0.25 over 1 year and 0.38 over 5 years.
Is SSYS a good diversifier for CMP?
Reasonably. At 0.39, CMP and SSYS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 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
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Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cmp-vs-ssys/)
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Related comparisons
Hubs: CMP correlations · SSYS correlations
