IMKTA vs MSM: Correlation
Ingles Markets, Incorporated (IMKTA) and MSC Industrial Direct Company, Inc. (MSM) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IMKTA and MSM?
Over the past 3 years, IMKTA and MSM moved with a correlation of 0.51, which is moderate. The relationship has been stable: the 1-year correlation (0.51) sits close to the 3-year figure. Over 5 years the correlation is 0.47, and the annualized covariance of weekly returns is 320.8 %².
Few assets follow IMKTA as closely as MSM, which ranks #3 of 13 tracked partners. The last year tells two different stories: MSM led by 15.6 percentage points, +22.5% for IMKTA against +38.1% for MSM.
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.
IMKTA vs MSM: side by side
| IMKTA (Ingles Markets, Incorporated) | MSM (MSC Industrial Direct Company, Inc.) | |
|---|---|---|
| 1-year return | +22.5% | +38.1% |
| 5-year return | +28.3% | +73.8% |
| Volatility (ann.) | 24.9% | 25.3% |
| Beta vs S&P 500 | 0.17 | 0.78 |
| Max drawdown (3Y) | -32.0% | -29.3% |
| Market cap | $1.6B | – |
| P/E (trailing) | 15.2 | 29.6 |
| Dividend yield | 0.79% | 2.84% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IMKTA | MSM |
|---|---|---|
| 2022 | +12.6% | +0.9% |
| 2023 | -9.8% | +28.5% |
| 2024 | -24.7% | -23.4% |
| 2025 | +7.4% | +17.4% |
| 2026 | +20.7% | +49.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IMKTA and MSM good diversifiers for each other?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between IMKTA and MSM?
As of 2026-08-27, the correlation of weekly returns between IMKTA and MSM is 0.51 over 3 years, 0.51 over 1 year and 0.47 over 5 years.
Is MSM a good diversifier for IMKTA?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.51 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
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Related comparisons
Hubs: IMKTA correlations · MSM correlations
