ING vs MT: Correlation
Measured on weekly returns over the past three years, ING Group, N.V. (ING) and Arcelor Mittal NY Registry Shares NEW (MT) carry a correlation of 0.61, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ING and MT?
Across a 3-year window, the weekly returns of ING and MT correlate at 0.61, strong. Recent behaviour matches the longer record: 0.58 over 1 year against 0.61 over 3. Stretching to 5 years gives 0.58, with an annualized covariance of 629.3 %².
By 3-year correlation, MT places #9 of the 16 assets tracked against ING. The last year tells two different stories: MT led by 77.7 percentage points, +52.5% for ING against +130.2% for MT.
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.
ING vs MT: side by side
| ING (ING Group, N.V.) | MT (Arcelor Mittal NY Registry Shares NEW) | |
|---|---|---|
| 1-year return | +52.5% | +130.2% |
| 5-year return | +269.9% | +134.6% |
| Volatility (ann.) | 27.5% | 37.2% |
| Beta vs S&P 500 | 0.94 | 1.19 |
| Max drawdown (3Y) | -19.9% | -30.8% |
| Market cap | $100.1B | $56.3B |
| P/E (trailing) | 13.2 | 31.4 |
| Dividend yield | 3.19% | 0.81% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ING | MT |
|---|---|---|
| 2022 | -4.2% | -16.4% |
| 2023 | +31.9% | +10.3% |
| 2024 | +12.2% | -16.9% |
| 2025 | +88.3% | +100.1% |
| 2026 | +30.9% | +64.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ING and MT good diversifiers for each other?
To a limited degree. At 0.61 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 ING and MT?
The ING/MT correlation stands at 0.61 on a 3-year window (1 year: 0.58, 5 years: 0.58), computed from weekly returns as of 2026-08-27.
Is MT a good diversifier for ING?
To a limited degree. At 0.61 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 0.61 mean?
On the −1 to +1 scale, 0.61 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/ing-vs-mt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ing-vs-mt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ING correlations · MT correlations
