IP vs MCFT: Correlation
Measured on weekly returns over the past three years, International Paper (IP) and MasterCraft Boat Holdings, Inc. (MCFT) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IP and MCFT?
Across a 3-year window, the weekly returns of IP and MCFT correlate at 0.50, moderate. The relationship has been stable: the 1-year correlation (0.57) sits close to the 3-year figure. Stretching to 5 years gives 0.47, with an annualized covariance of 740.0 %².
Among the 29 assets we track against IP, MCFT ranks #15 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MCFT outperformed by 19.1 percentage points (-13.5% for IP against +5.6% for MCFT).
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.
IP vs MCFT: side by side
| IP (International Paper) | MCFT (MasterCraft Boat Holdings, Inc.) | |
|---|---|---|
| 1-year return | -13.5% | +5.6% |
| 5-year return | -11.2% | -7.0% |
| Volatility (ann.) | 37.8% | 39.1% |
| Beta vs S&P 500 | 0.77 | 1.03 |
| Max drawdown (3Y) | -48.6% | -41.1% |
| Market cap | $21.1B | $0.6B |
| P/E (trailing) | – | 36.1 |
| Dividend yield | 4.47% | 0.00% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | IP | MCFT |
|---|---|---|
| 2022 | -23.0% | -8.7% |
| 2023 | +10.2% | -12.5% |
| 2024 | +55.3% | -15.8% |
| 2025 | -23.8% | -0.8% |
| 2026 | +5.0% | +27.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IP and MCFT good diversifiers for each other?
Only partially. A correlation of 0.50 means IP and MCFT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between IP and MCFT?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.57 over the last year and 0.47 over 5 years.
Is MCFT a good diversifier for IP?
Only partially. A correlation of 0.50 means IP and MCFT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 mean?
A reading of 0.50 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
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Related comparisons
Hubs: IP correlations · MCFT correlations
