IMAX vs MAT: Correlation
Imax Corporation (IMAX) and Mattel, Inc. (MAT) show a moderate relationship: their 3-year correlation of weekly returns is 0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IMAX and MAT?
Over the past 3 years, IMAX and MAT moved with a correlation of 0.33, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.17 versus 0.33 over 3 years. Over 5 years the correlation is 0.34, and the annualized covariance of weekly returns is 419.4 %².
Among the 10 assets we track against IMAX, MAT ranks #4 by 3-year correlation. The last year tells two different stories: IMAX led by 98.9 percentage points, +79.4% for IMAX 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.
IMAX vs MAT: side by side
| IMAX (Imax Corporation) | MAT (Mattel, Inc.) | |
|---|---|---|
| 1-year return | +79.4% | -19.5% |
| 5-year return | +235.1% | -31.2% |
| Volatility (ann.) | 37.2% | 34.0% |
| Beta vs S&P 500 | 0.17 | 0.87 |
| Max drawdown (3Y) | -32.0% | -41.5% |
| Market cap | $2.8B | $4.3B |
| P/E (trailing) | 72.1 | 11.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IMAX | MAT |
|---|---|---|
| 2022 | -17.8% | -17.3% |
| 2023 | +2.5% | +5.8% |
| 2024 | +70.4% | -6.1% |
| 2025 | +44.4% | +11.9% |
| 2026 | +40.5% | -24.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMAX and MAT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between IMAX and MAT?
As of 2026-08-27, the correlation of weekly returns between IMAX and MAT is 0.33 over 3 years, 0.17 over 1 year and 0.34 over 5 years.
Is MAT a good diversifier for IMAX?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.33 mean?
A reading of 0.33 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: IMAX correlations · MAT correlations
