IPI vs MOS: Correlation
How closely do Intrepid Potash, Inc (IPI) and Mosaic Company (The) (MOS) trade together? Their weekly returns over three years give a correlation of 0.54, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IPI and MOS?
Over the past 3 years, IPI and MOS moved with a correlation of 0.54, which is moderate. Recent behaviour matches the longer record: 0.48 over 1 year against 0.54 over 3. Over 5 years the correlation is 0.70, and the annualized covariance of weekly returns is 955.6 %².
In IPI's tracked universe of 15 assets, MOS sits right near the top at #3. The last year tells two different stories: IPI led by 49.9 percentage points, +23.3% for IPI against -26.6% for MOS.
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.
IPI vs MOS: side by side
| IPI (Intrepid Potash, Inc) | MOS (Mosaic Company (The)) | |
|---|---|---|
| 1-year return | +23.3% | -26.6% |
| 5-year return | +20.2% | -17.1% |
| Volatility (ann.) | 48.0% | 36.6% |
| Beta vs S&P 500 | 0.56 | 0.78 |
| Max drawdown (3Y) | -38.5% | -45.7% |
| Market cap | $0.5B | $7.6B |
| P/E (trailing) | 31.7 | – |
| Dividend yield | 0.00% | 3.64% |
| Sector / category | US Listed | Materials |
Year-by-year returns
| Year | IPI | MOS |
|---|---|---|
| 2022 | -32.4% | +12.8% |
| 2023 | -17.2% | -16.4% |
| 2024 | -8.2% | -29.1% |
| 2025 | +26.5% | +1.1% |
| 2026 | +35.9% | +0.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IPI and MOS good diversifiers for each other?
To a limited degree. At 0.54 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 IPI and MOS?
Using weekly returns as of 2026-08-27: 0.54 over 3 years, with 0.48 over the last year and 0.70 over 5 years.
Is MOS a good diversifier for IPI?
To a limited degree. At 0.54 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 0.54 mean?
A reading of 0.54 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
$ curl https://www.pairbook.io/api/v1/pairs/ipi-vs-mos.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ipi-vs-mos/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: IPI correlations · MOS correlations
