HLLY vs MATV: Correlation
Holley Inc. (HLLY) and Mativ Holdings, Inc. (MATV) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HLLY and MATV?
On 3 years of weekly data the HLLY/MATV correlation comes out at 0.56, moderate. The relationship has been stable: the 1-year correlation (0.58) sits close to the 3-year figure. The 5-year figure is 0.42, and annualized covariance runs at 2362.0 %².
By 3-year correlation, MATV places #4 of the 18 assets tracked against HLLY. Correlation aside, the last 12 months split them widely, with MATV ahead by 28.1 points (-25.4% versus +2.7%).
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.
HLLY vs MATV: side by side
| HLLY (Holley Inc.) | MATV (Mativ Holdings, Inc.) | |
|---|---|---|
| 1-year return | -25.4% | +2.7% |
| 5-year return | -74.8% | -59.1% |
| Volatility (ann.) | 60.1% | 70.0% |
| Beta vs S&P 500 | 1.33 | 1.74 |
| Max drawdown (3Y) | -70.2% | -75.3% |
| Market cap | $0.4B | $0.7B |
| P/E (trailing) | 33.0 | 7.5 |
| Dividend yield | 0.00% | 3.24% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HLLY | MATV |
|---|---|---|
| 2022 | -83.7% | -25.3% |
| 2023 | +129.7% | -22.7% |
| 2024 | -38.0% | -27.1% |
| 2025 | +36.8% | +17.3% |
| 2026 | -28.1% | +2.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HLLY and MATV good diversifiers for each other?
Only partially. A correlation of 0.56 means HLLY and MATV share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between HLLY and MATV?
Using weekly returns as of 2026-08-27: 0.56 over 3 years, with 0.58 over the last year and 0.42 over 5 years.
Is MATV a good diversifier for HLLY?
Only partially. A correlation of 0.56 means HLLY and MATV share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.56 mean?
A reading of 0.56 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: HLLY correlations · MATV correlations
