DNOW vs MTUS: Correlation
DNOW Inc. (DNOW) and Metallus Inc. (MTUS) show a moderate relationship: their 3-year correlation of weekly returns is 0.55.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DNOW and MTUS?
On 3 years of weekly data the DNOW/MTUS correlation comes out at 0.55, moderate. The past 12 months show a tighter link (0.73) than the 3-year average (0.55). The 5-year figure is 0.51, and annualized covariance runs at 974.5 %².
Few assets follow DNOW as closely as MTUS, which ranks #3 of 10 tracked partners. Correlation aside, the last 12 months split them widely, with MTUS ahead by 18.1 points (+2.1% versus +20.2%).
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.
DNOW vs MTUS: side by side
| DNOW (DNOW Inc.) | MTUS (Metallus Inc.) | |
|---|---|---|
| 1-year return | +2.1% | +20.2% |
| 5-year return | +111.4% | +40.6% |
| Volatility (ann.) | 43.7% | 40.3% |
| Beta vs S&P 500 | 0.83 | 1.20 |
| Max drawdown (3Y) | -36.8% | -52.7% |
| Market cap | $2.9B | $0.8B |
| P/E (trailing) | – | 99.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DNOW | MTUS |
|---|---|---|
| 2022 | +48.7% | +10.1% |
| 2023 | -10.9% | +29.1% |
| 2024 | +14.9% | -39.7% |
| 2025 | +1.8% | +21.4% |
| 2026 | +22.9% | +16.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DNOW and MTUS good diversifiers for each other?
To a limited degree. At 0.55 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between DNOW and MTUS?
Using weekly returns as of 2026-08-27: 0.55 over 3 years, with 0.73 over the last year and 0.51 over 5 years.
Is MTUS a good diversifier for DNOW?
To a limited degree. At 0.55 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.55 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/dnow-vs-mtus.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dnow-vs-mtus/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DNOW correlations · MTUS correlations
