DOW vs MOS: Correlation
Measured on weekly returns over the past three years, Dow Inc. (DOW) and Mosaic Company (The) (MOS) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOW and MOS?
Across a 3-year window, the weekly returns of DOW and MOS correlate at 0.40, moderate. The relationship has been stable: the 1-year correlation (0.37) sits close to the 3-year figure. Stretching to 5 years gives 0.41, with an annualized covariance of 510.4 %².
Within DOW's tracked universe of 32 assets, MOS comes in at #18 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months DOW outperformed by 55.6 percentage points (+29.0% for DOW against -26.6% for MOS). Across three years, the rolling one-year figure varied moderately, from 0.36 to 0.71.
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.
DOW vs MOS: side by side
| DOW (Dow Inc.) | MOS (Mosaic Company (The)) | |
|---|---|---|
| 1-year return | +29.0% | -26.6% |
| 5-year return | -38.4% | -17.1% |
| Volatility (ann.) | 35.2% | 36.6% |
| Beta vs S&P 500 | 0.62 | 0.78 |
| Max drawdown (3Y) | -62.2% | -45.7% |
| Market cap | $21.9B | $7.6B |
| P/E (trailing) | – | – |
| Dividend yield | 4.62% | 3.64% |
| Sector / category | Materials | Materials |
Year-by-year returns
| Year | DOW | MOS |
|---|---|---|
| 2022 | -6.6% | +12.8% |
| 2023 | +14.7% | -16.4% |
| 2024 | -22.8% | -29.1% |
| 2025 | -37.4% | +1.1% |
| 2026 | +32.6% | +0.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOW and MOS good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DOW and MOS?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.37 over the last year and 0.41 over 5 years.
Is MOS a good diversifier for DOW?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 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/dow-vs-mos.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dow-vs-mos/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DOW correlations · MOS correlations
