DXPE vs MTRX: Correlation
How closely do DXP Enterprises, Inc. (DXPE) and Matrix Service Company (MTRX) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DXPE and MTRX?
Over the past 3 years, DXPE and MTRX moved with a correlation of 0.47, which is moderate. The relationship has been stable: the 1-year correlation (0.37) sits close to the 3-year figure. Over 5 years the correlation is 0.41, and the annualized covariance of weekly returns is 1211.5 %².
By 3-year correlation, MTRX places #6 of the 12 assets tracked against DXPE. The last year tells two different stories: DXPE led by 84.3 percentage points, +55.3% for DXPE against -29.0% for MTRX.
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.
DXPE vs MTRX: side by side
| DXPE (DXP Enterprises, Inc.) | MTRX (Matrix Service Company) | |
|---|---|---|
| 1-year return | +55.3% | -29.0% |
| 5-year return | +542.5% | -3.9% |
| Volatility (ann.) | 49.8% | 51.6% |
| Beta vs S&P 500 | 1.41 | 1.13 |
| Max drawdown (3Y) | -33.0% | -36.0% |
| Market cap | $3.0B | $0.3B |
| P/E (trailing) | 33.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DXPE | MTRX |
|---|---|---|
| 2022 | +7.3% | -17.3% |
| 2023 | +22.3% | +57.2% |
| 2024 | +145.2% | +22.4% |
| 2025 | +32.9% | -2.3% |
| 2026 | +75.6% | -6.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DXPE and MTRX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DXPE and MTRX?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.37 over the last year and 0.41 over 5 years.
Is MTRX a good diversifier for DXPE?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 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/dxpe-vs-mtrx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dxpe-vs-mtrx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DXPE correlations · MTRX correlations
