ICL vs MOS: Correlation
How closely do ICL Group Ltd. (ICL) and Mosaic Company (The) (MOS) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ICL and MOS?
Over the past 3 years, ICL and MOS moved with a correlation of 0.41, which is moderate. Recent behaviour matches the longer record: 0.36 over 1 year against 0.41 over 3. Over 5 years the correlation is 0.47, and the annualized covariance of weekly returns is 563.1 %².
Few assets follow ICL as closely as MOS, which ranks #2 of 10 tracked partners. Correlation aside, the last 12 months split them widely, with ICL ahead by 16.0 points (-10.6% versus -26.6%).
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.
ICL vs MOS: side by side
| ICL (ICL Group Ltd.) | MOS (Mosaic Company (The)) | |
|---|---|---|
| 1-year return | -10.6% | -26.6% |
| 5-year return | +2.5% | -17.1% |
| Volatility (ann.) | 37.8% | 36.6% |
| Beta vs S&P 500 | 0.81 | 0.78 |
| Max drawdown (3Y) | -35.6% | -45.7% |
| Market cap | – | $7.6B |
| P/E (trailing) | 23.6 | – |
| Dividend yield | 3.64% | 3.64% |
| Sector / category | US Listed | Materials |
Year-by-year returns
| Year | ICL | MOS |
|---|---|---|
| 2022 | -16.9% | +12.8% |
| 2023 | -27.2% | -16.4% |
| 2024 | +2.8% | -29.1% |
| 2025 | +17.1% | +1.1% |
| 2026 | +1.0% | +0.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ICL and MOS good diversifiers for each other?
Reasonably. At 0.41, ICL and MOS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ICL and MOS?
As of 2026-08-27, the correlation of weekly returns between ICL and MOS is 0.41 over 3 years, 0.36 over 1 year and 0.47 over 5 years.
Is MOS a good diversifier for ICL?
Reasonably. At 0.41, ICL and MOS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/icl-vs-mos.json
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Related comparisons
Hubs: ICL correlations · MOS correlations
