DD vs MATX: Correlation
Measured on weekly returns over the past three years, DuPont (DD) and Matson, Inc. (MATX) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DD and MATX?
On 3 years of weekly data the DD/MATX correlation comes out at 0.50, moderate. Recent behaviour matches the longer record: 0.50 over 1 year against 0.50 over 3. The 5-year figure is 0.50, and annualized covariance runs at 496.2 %².
Within DD's tracked universe of 34 assets, MATX comes in at #21 by 3-year correlation. Correlation aside, the last 12 months split them widely, with MATX ahead by 68.1 points (+44.7% versus +112.8%).
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.
DD vs MATX: side by side
| DD (DuPont) | MATX (Matson, Inc.) | |
|---|---|---|
| 1-year return | +44.7% | +112.8% |
| 5-year return | +64.0% | +195.6% |
| Volatility (ann.) | 28.8% | 34.6% |
| Beta vs S&P 500 | 0.93 | 0.80 |
| Max drawdown (3Y) | -37.8% | -46.9% |
| Market cap | $18.7B | $6.6B |
| P/E (trailing) | 59.1 | 14.9 |
| Dividend yield | 2.20% | 0.65% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | DD | MATX |
|---|---|---|
| 2022 | -13.4% | -29.5% |
| 2023 | +14.4% | +78.2% |
| 2024 | +1.0% | +24.3% |
| 2025 | +28.7% | -7.2% |
| 2026 | +16.0% | +80.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DD and MATX good diversifiers for each other?
Only partially. A correlation of 0.50 means DD and MATX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between DD and MATX?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.50 over the last year and 0.50 over 5 years.
Is MATX a good diversifier for DD?
Only partially. A correlation of 0.50 means DD and MATX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 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/dd-vs-matx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dd-vs-matx/)
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Related comparisons
Hubs: DD correlations · MATX correlations
