KMB vs MIND: Correlation
Measured on weekly returns over the past three years, Kimberly-Clark (KMB) and MIND Technology, Inc. (MIND) carry a correlation of -0.19, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KMB and MIND?
Over the past 3 years, KMB and MIND moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.36 versus -0.19 over 3 years. Over 5 years the correlation is -0.14, and the annualized covariance of weekly returns is -296.8 %².
Among the 27 assets we track against KMB, MIND ranks #20 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months KMB outperformed by 44.5 percentage points (-11.4% for KMB against -55.9% for MIND). One caveat on sizing: MIND is 4.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
KMB vs MIND: side by side
| KMB (Kimberly-Clark) | MIND (MIND Technology, Inc.) | |
|---|---|---|
| 1-year return | -11.4% | -55.9% |
| 5-year return | -2.6% | -77.3% |
| Volatility (ann.) | 19.3% | 79.5% |
| Beta vs S&P 500 | 0.15 | 0.91 |
| Max drawdown (3Y) | -34.1% | -70.0% |
| Market cap | $36.6B | – |
| P/E (trailing) | 21.7 | 27.8 |
| Dividend yield | 4.60% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | KMB | MIND |
|---|---|---|
| 2022 | -1.6% | -72.8% |
| 2023 | -7.1% | +43.3% |
| 2024 | +11.8% | +20.5% |
| 2025 | -19.9% | +10.7% |
| 2026 | +11.9% | -49.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KMB and MIND good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between KMB and MIND?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with -0.36 over the last year and -0.14 over 5 years.
Is MIND a good diversifier for KMB?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 mean?
On the −1 to +1 scale, -0.19 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/kmb-vs-mind.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kmb-vs-mind/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KMB correlations · MIND correlations
