F vs MGA: Correlation
Ford Motor Company (F) and Magna International, Inc. (MGA) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are F and MGA?
Across a 3-year window, the weekly returns of F and MGA correlate at 0.48, moderate. The link has loosened recently: the 1-year correlation (0.36) runs below the 3-year figure (0.48). Stretching to 5 years gives 0.55, with an annualized covariance of 545.6 %².
Within F's tracked universe of 35 assets, MGA comes in at #13 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MGA outperformed by 22.6 percentage points (+22.6% for F against +45.2% for MGA).
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.
F vs MGA: side by side
| F (Ford Motor Company) | MGA (Magna International, Inc.) | |
|---|---|---|
| 1-year return | +22.6% | +45.2% |
| 5-year return | +45.8% | -1.8% |
| Volatility (ann.) | 36.1% | 31.5% |
| Beta vs S&P 500 | 1.06 | 0.87 |
| Max drawdown (3Y) | -36.5% | -45.6% |
| Market cap | $55.6B | $17.6B |
| P/E (trailing) | – | 24.2 |
| Dividend yield | 4.32% | 2.98% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | F | MGA |
|---|---|---|
| 2022 | -42.2% | -28.6% |
| 2023 | +15.8% | +8.8% |
| 2024 | -13.1% | -26.3% |
| 2025 | +42.3% | +32.4% |
| 2026 | +10.0% | +26.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are F and MGA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between F and MGA?
The F/MGA correlation stands at 0.48 on a 3-year window (1 year: 0.36, 5 years: 0.55), computed from weekly returns as of 2026-08-27.
Is MGA a good diversifier for F?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 mean?
A reading of 0.48 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/f-vs-mga.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/f-vs-mga/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: F correlations · MGA correlations
