DY vs MTZ: Correlation
Measured on weekly returns over the past three years, Dycom Industries, Inc. (DY) and MasTec, Inc. (MTZ) carry a correlation of 0.54, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DY and MTZ?
On 3 years of weekly data the DY/MTZ correlation comes out at 0.54, moderate. Little has changed lately, as the 1-year reading of 0.54 lands near the 3-year figure. The 5-year figure is 0.52, and annualized covariance runs at 1073.4 %².
In DY's tracked universe of 11 assets, MTZ sits right near the top at #1. Correlation aside, the last 12 months split them widely, with MTZ ahead by 19.0 points (+20.5% versus +39.5%).
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.
DY vs MTZ: side by side
| DY (Dycom Industries, Inc.) | MTZ (MasTec, Inc.) | |
|---|---|---|
| 1-year return | +20.5% | +39.5% |
| 5-year return | +304.3% | +170.8% |
| Volatility (ann.) | 43.4% | 45.9% |
| Beta vs S&P 500 | 0.97 | 1.37 |
| Max drawdown (3Y) | -42.4% | -52.8% |
| Market cap | $9.3B | $20.2B |
| P/E (trailing) | 28.4 | 40.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DY | MTZ |
|---|---|---|
| 2022 | -0.2% | -7.5% |
| 2023 | +23.0% | -11.3% |
| 2024 | +51.2% | +79.8% |
| 2025 | +94.1% | +59.7% |
| 2026 | -8.8% | +15.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DY and MTZ good diversifiers for each other?
To a limited degree. At 0.54 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 DY and MTZ?
Using weekly returns as of 2026-08-27: 0.54 over 3 years, with 0.54 over the last year and 0.52 over 5 years.
Is MTZ a good diversifier for DY?
To a limited degree. At 0.54 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 0.54 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/dy-vs-mtz.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dy-vs-mtz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DY correlations · MTZ correlations
