KAI vs MHK: Correlation
How closely do Kadant Inc (KAI) and Mohawk Industries, Inc. (MHK) trade together? Their weekly returns over three years give a correlation of 0.65, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KAI and MHK?
Over the past 3 years, KAI and MHK moved with a correlation of 0.65, which is strong. Little has changed lately, as the 1-year reading of 0.69 lands near the 3-year figure. Over 5 years the correlation is 0.57, and the annualized covariance of weekly returns is 941.9 %².
By 3-year correlation, MHK places #4 of the 14 assets tracked against KAI. Over the last 12 months MHK came out ahead by 7.0 percentage points (-8.8% against -1.8%).
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.
KAI vs MHK: side by side
| KAI (Kadant Inc) | MHK (Mohawk Industries, Inc.) | |
|---|---|---|
| 1-year return | -8.8% | -1.8% |
| 5-year return | +49.3% | -35.8% |
| Volatility (ann.) | 37.1% | 39.3% |
| Beta vs S&P 500 | 1.34 | 1.13 |
| Max drawdown (3Y) | -41.2% | -42.0% |
| Market cap | $3.6B | $8.8B |
| P/E (trailing) | 32.9 | 17.5 |
| Dividend yield | 0.46% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KAI | MHK |
|---|---|---|
| 2022 | -22.5% | -43.9% |
| 2023 | +58.7% | +1.3% |
| 2024 | +23.6% | +15.1% |
| 2025 | -17.0% | -8.3% |
| 2026 | +7.7% | +18.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KAI and MHK good diversifiers for each other?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between KAI and MHK?
The KAI/MHK correlation stands at 0.65 on a 3-year window (1 year: 0.69, 5 years: 0.57), computed from weekly returns as of 2026-08-27.
Is MHK a good diversifier for KAI?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.65 mean?
On the −1 to +1 scale, 0.65 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/kai-vs-mhk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/kai-vs-mhk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KAI correlations · MHK correlations
