KN vs MTRN: Correlation
How closely do Knowles Corporation (KN) and Materion Corporation (MTRN) trade together? Their weekly returns over three years give a correlation of 0.62, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KN and MTRN?
On 3 years of weekly data the KN/MTRN correlation comes out at 0.62, strong. Little has changed lately, as the 1-year reading of 0.66 lands near the 3-year figure. The 5-year figure is 0.53, and annualized covariance runs at 1029.4 %².
Within KN's tracked universe of 30 assets, MTRN comes in at #11 by 3-year correlation. The last year tells two different stories: MTRN led by 61.7 percentage points, +61.9% for KN against +123.6% for MTRN.
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.
KN vs MTRN: side by side
| KN (Knowles Corporation) | MTRN (Materion Corporation) | |
|---|---|---|
| 1-year return | +61.9% | +123.6% |
| 5-year return | +73.8% | +248.3% |
| Volatility (ann.) | 36.5% | 45.7% |
| Beta vs S&P 500 | 1.65 | 1.51 |
| Max drawdown (3Y) | -38.0% | -47.8% |
| Market cap | $3.0B | $5.1B |
| P/E (trailing) | 41.1 | 54.9 |
| Dividend yield | 0.00% | 0.24% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KN | MTRN |
|---|---|---|
| 2022 | -29.7% | -4.3% |
| 2023 | +9.1% | +49.4% |
| 2024 | +11.3% | -23.7% |
| 2025 | +7.5% | +26.4% |
| 2026 | +63.1% | +98.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KN and MTRN good diversifiers for each other?
Only partially. A correlation of 0.62 means KN and MTRN 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 KN and MTRN?
As of 2026-08-27, the correlation of weekly returns between KN and MTRN is 0.62 over 3 years, 0.66 over 1 year and 0.53 over 5 years.
Is MTRN a good diversifier for KN?
Only partially. A correlation of 0.62 means KN and MTRN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.62 mean?
On the −1 to +1 scale, 0.62 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/kn-vs-mtrn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kn-vs-mtrn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KN correlations · MTRN correlations
