IAF vs MOS: Correlation
How closely do abrdn Australia Equity Fund, Inc. (IAF) and Mosaic Company (The) (MOS) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IAF and MOS?
On 3 years of weekly data the IAF/MOS correlation comes out at 0.46, moderate. The relationship has been stable: the 1-year correlation (0.43) sits close to the 3-year figure. The 5-year figure is 0.38, and annualized covariance runs at 313.2 %².
Out of 14 assets tracked against IAF, MOS lands near the bottom at #10. Correlation aside, the last 12 months split them widely, with IAF ahead by 35.6 points (+9.0% versus -26.6%). One caveat on sizing: MOS is 2.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
IAF vs MOS: side by side
| IAF (abrdn Australia Equity Fund, Inc.) | MOS (Mosaic Company (The)) | |
|---|---|---|
| 1-year return | +9.0% | -26.6% |
| 5-year return | +23.6% | -17.1% |
| Volatility (ann.) | 18.6% | 36.6% |
| Beta vs S&P 500 | 0.88 | 0.78 |
| Max drawdown (3Y) | -23.6% | -45.7% |
| Market cap | $0.1B | $7.6B |
| P/E (trailing) | 7.7 | – |
| Dividend yield | 10.76% | 3.64% |
| Sector / category | US Listed | Materials |
Year-by-year returns
| Year | IAF | MOS |
|---|---|---|
| 2022 | -19.4% | +12.8% |
| 2023 | +10.4% | -16.4% |
| 2024 | +8.2% | -29.1% |
| 2025 | +14.9% | +1.1% |
| 2026 | +12.6% | +0.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IAF and MOS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between IAF and MOS?
The IAF/MOS correlation stands at 0.46 on a 3-year window (1 year: 0.43, 5 years: 0.38), computed from weekly returns as of 2026-08-27.
Is MOS a good diversifier for IAF?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 mean?
A reading of 0.46 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/iaf-vs-mos.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/iaf-vs-mos/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: IAF correlations · MOS correlations
