CODI vs MBC: Correlation
D/B/A Compass Diversified Holdings Shares of Beneficial (CODI) and MasterBrand, Inc. (MBC) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CODI and MBC?
Across a 3-year window, the weekly returns of CODI and MBC correlate at 0.43, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.25 versus 0.43 over 3 years. Stretching to 5 years gives 0.40, with an annualized covariance of 1190.9 %².
MBC is one of the assets that tracks CODI most closely: it ranks #2 out of the 17 assets we track against CODI. Their recent paths diverged sharply: over the last 12 months CODI outperformed by 83.2 percentage points (+49.4% for CODI against -33.8% for MBC).
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.
CODI vs MBC: side by side
| CODI (D/B/A Compass Diversified Holdings Shares of Beneficial) | MBC (MasterBrand, Inc.) | |
|---|---|---|
| 1-year return | +49.4% | -33.8% |
| 5-year return | -53.0% | n/a |
| Volatility (ann.) | 63.2% | 43.7% |
| Beta vs S&P 500 | 1.45 | 1.16 |
| Max drawdown (3Y) | -80.3% | -64.7% |
| Market cap | $0.8B | $1.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CODI | MBC |
|---|---|---|
| 2022 | -37.7% | – |
| 2023 | +29.4% | +96.7% |
| 2024 | +7.5% | -1.6% |
| 2025 | -78.6% | -24.4% |
| 2026 | +134.4% | -21.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CODI and MBC 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 CODI and MBC?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.25 over the last year and 0.40 over 5 years.
Is MBC a good diversifier for CODI?
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?
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/codi-vs-mbc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/codi-vs-mbc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CODI correlations · MBC correlations
