GOLF vs KMT: Correlation
Measured on weekly returns over the past three years, Acushnet Holdings Corp. (GOLF) and Kennametal Inc. (KMT) carry a correlation of 0.61, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GOLF and KMT?
Across a 3-year window, the weekly returns of GOLF and KMT correlate at 0.61, strong. Recent behaviour matches the longer record: 0.53 over 1 year against 0.61 over 3. Stretching to 5 years gives 0.55, with an annualized covariance of 601.7 %².
KMT is one of the assets that tracks GOLF most closely: it ranks #1 out of the 13 assets we track against GOLF. Their recent paths diverged sharply: over the last 12 months KMT outperformed by 33.2 percentage points (+10.1% for GOLF against +43.3% for KMT).
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.
GOLF vs KMT: side by side
| GOLF (Acushnet Holdings Corp.) | KMT (Kennametal Inc.) | |
|---|---|---|
| 1-year return | +10.1% | +43.3% |
| 5-year return | +77.9% | -6.6% |
| Volatility (ann.) | 29.1% | 33.9% |
| Beta vs S&P 500 | 0.77 | 0.73 |
| Max drawdown (3Y) | -28.3% | -42.9% |
| Market cap | $5.0B | $2.3B |
| P/E (trailing) | 23.6 | 6.8 |
| Dividend yield | 1.13% | 2.67% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GOLF | KMT |
|---|---|---|
| 2022 | -18.7% | -31.0% |
| 2023 | +51.0% | +10.5% |
| 2024 | +14.0% | -3.9% |
| 2025 | +13.7% | +22.6% |
| 2026 | +7.0% | +8.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GOLF and KMT good diversifiers for each other?
To a limited degree. At 0.61 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 GOLF and KMT?
The GOLF/KMT correlation stands at 0.61 on a 3-year window (1 year: 0.53, 5 years: 0.55), computed from weekly returns as of 2026-08-27.
Is KMT a good diversifier for GOLF?
To a limited degree. At 0.61 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 0.61 mean?
On the −1 to +1 scale, 0.61 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: GOLF correlations · KMT correlations
