HAS vs MAT: Correlation
How closely do Hasbro (HAS) and Mattel, Inc. (MAT) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HAS and MAT?
Across a 3-year window, the weekly returns of HAS and MAT correlate at 0.49, moderate. The link has loosened recently: the 1-year correlation (0.22) runs below the 3-year figure (0.49). Stretching to 5 years gives 0.59, with an annualized covariance of 525.1 %².
By 3-year correlation, MAT places #9 of the 36 assets tracked against HAS. The last year tells two different stories: HAS led by 38.7 percentage points, +19.2% for HAS against -19.5% for MAT.
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.
HAS vs MAT: side by side
| HAS (Hasbro) | MAT (Mattel, Inc.) | |
|---|---|---|
| 1-year return | +19.2% | -19.5% |
| 5-year return | +17.1% | -31.2% |
| Volatility (ann.) | 31.7% | 34.0% |
| Beta vs S&P 500 | 0.86 | 0.87 |
| Max drawdown (3Y) | -40.3% | -41.5% |
| Market cap | $13.3B | $4.3B |
| P/E (trailing) | 17.1 | 11.1 |
| Dividend yield | 2.91% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | HAS | MAT |
|---|---|---|
| 2022 | -37.9% | -17.3% |
| 2023 | -11.9% | +5.8% |
| 2024 | +14.8% | -6.1% |
| 2025 | +52.5% | +11.9% |
| 2026 | +17.5% | -24.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HAS and MAT good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between HAS and MAT?
As of 2026-08-27, the correlation of weekly returns between HAS and MAT is 0.49 over 3 years, 0.22 over 1 year and 0.59 over 5 years.
Is MAT a good diversifier for HAS?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 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/has-vs-mat.json
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[](https://www.pairbook.io/pair/has-vs-mat/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HAS correlations · MAT correlations
