KMT vs NATR: Correlation
Measured on weekly returns over the past three years, Kennametal Inc. (KMT) and Nature's Sunshine Products, Inc. (NATR) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KMT and NATR?
On 3 years of weekly data the KMT/NATR correlation comes out at 0.47, moderate. The past 12 months show a tighter link (0.65) than the 3-year average (0.47). The 5-year figure is 0.33, and annualized covariance runs at 676.0 %².
Among the 21 assets we track against KMT, NATR ranks #12 by 3-year correlation. The last year tells two different stories: KMT led by 60.8 percentage points, +43.3% for KMT against -17.5% for NATR.
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.
KMT vs NATR: side by side
| KMT (Kennametal Inc.) | NATR (Nature's Sunshine Products, Inc.) | |
|---|---|---|
| 1-year return | +43.3% | -17.5% |
| 5-year return | -6.6% | -19.3% |
| Volatility (ann.) | 33.9% | 42.5% |
| Beta vs S&P 500 | 0.73 | 0.33 |
| Max drawdown (3Y) | -42.9% | -49.9% |
| Market cap | $2.3B | $0.2B |
| P/E (trailing) | 6.8 | 13.9 |
| Dividend yield | 2.67% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KMT | NATR |
|---|---|---|
| 2022 | -31.0% | -55.0% |
| 2023 | +10.5% | +107.8% |
| 2024 | -3.9% | -15.2% |
| 2025 | +22.6% | +47.2% |
| 2026 | +8.1% | -35.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KMT and NATR good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between KMT and NATR?
The KMT/NATR correlation stands at 0.47 on a 3-year window (1 year: 0.65, 5 years: 0.33), computed from weekly returns as of 2026-08-27.
Is NATR a good diversifier for KMT?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 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/kmt-vs-natr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kmt-vs-natr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KMT correlations · NATR correlations
