COTY vs MAN: Correlation
Coty Inc. (COTY) and ManpowerGroup (MAN) 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 COTY and MAN?
Over the past 3 years, COTY and MAN moved with a correlation of 0.43, which is moderate. Recent behaviour matches the longer record: 0.41 over 1 year against 0.43 over 3. Over 5 years the correlation is 0.38, and the annualized covariance of weekly returns is 811.5 %².
Among the 10 assets we track against COTY, MAN ranks #5 by 3-year correlation. The last year tells two different stories: MAN led by 90.4 percentage points, -34.3% for COTY against +56.1% for MAN.
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.
COTY vs MAN: side by side
| COTY (Coty Inc.) | MAN (ManpowerGroup) | |
|---|---|---|
| 1-year return | -34.3% | +56.1% |
| 5-year return | -71.0% | -37.6% |
| Volatility (ann.) | 42.5% | 44.3% |
| Beta vs S&P 500 | 1.08 | 0.79 |
| Max drawdown (3Y) | -86.0% | -64.7% |
| Market cap | $2.4B | $2.9B |
| P/E (trailing) | – | 27.9 |
| Dividend yield | 0.00% | 2.32% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | COTY | MAN |
|---|---|---|
| 2022 | -18.5% | -11.8% |
| 2023 | +45.1% | -0.6% |
| 2024 | -44.0% | -24.0% |
| 2025 | -55.7% | -46.2% |
| 2026 | -10.4% | +114.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COTY and MAN good diversifiers for each other?
Reasonably. At 0.43, COTY and MAN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between COTY and MAN?
As of 2026-08-27, the correlation of weekly returns between COTY and MAN is 0.43 over 3 years, 0.41 over 1 year and 0.38 over 5 years.
Is MAN a good diversifier for COTY?
Reasonably. At 0.43, COTY and MAN keep a meaningful degree of independence, and combining them has historically reduced portfolio 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/coty-vs-man.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/coty-vs-man/)
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Related comparisons
Hubs: COTY correlations · MAN correlations
