CRCT vs MATV: Correlation
How closely do Cricut, Inc. (CRCT) and Mativ Holdings, Inc. (MATV) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRCT and MATV?
Over the past 3 years, CRCT and MATV moved with a correlation of 0.44, which is moderate. The link has tightened recently: the 1-year correlation (0.59) runs above the 3-year figure (0.44). Over 5 years the correlation is 0.21, and the annualized covariance of weekly returns is 1497.2 %².
Few assets follow CRCT as closely as MATV, which ranks #1 of 10 tracked partners. Their 12-month results are close: +2.4% for CRCT against +2.7% for MATV.
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.
CRCT vs MATV: side by side
| CRCT (Cricut, Inc.) | MATV (Mativ Holdings, Inc.) | |
|---|---|---|
| 1-year return | +2.4% | +2.7% |
| 5-year return | -70.1% | -59.1% |
| Volatility (ann.) | 49.2% | 70.0% |
| Beta vs S&P 500 | 0.94 | 1.74 |
| Max drawdown (3Y) | -53.2% | -75.3% |
| Market cap | $1.2B | $0.7B |
| P/E (trailing) | 14.2 | 7.5 |
| Dividend yield | 3.44% | 3.24% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRCT | MATV |
|---|---|---|
| 2022 | -58.0% | -25.3% |
| 2023 | -20.1% | -22.7% |
| 2024 | -4.9% | -27.1% |
| 2025 | +0.1% | +17.3% |
| 2026 | +19.8% | +2.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRCT and MATV good diversifiers for each other?
Reasonably. At 0.44, CRCT and MATV keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CRCT and MATV?
As of 2026-08-27, the correlation of weekly returns between CRCT and MATV is 0.44 over 3 years, 0.59 over 1 year and 0.21 over 5 years.
Is MATV a good diversifier for CRCT?
Reasonably. At 0.44, CRCT and MATV keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 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.
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Related comparisons
Hubs: CRCT correlations · MATV correlations
