KTCC vs MPA: Correlation
Key Tronic Corporation (KTCC) and Blackrock MuniYield Pennsylvania Quality Fund (MPA) show a moderate relationship: their 3-year correlation of weekly returns is 0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KTCC and MPA?
Across a 3-year window, the weekly returns of KTCC and MPA correlate at 0.35, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.46 versus 0.35 over 3 years. Stretching to 5 years gives 0.29, with an annualized covariance of 157.2 %².
MPA is one of the assets that tracks KTCC most closely: it ranks #2 out of the 12 assets we track against KTCC. The last year tells two different stories: KTCC led by 20.6 percentage points, +29.2% for KTCC against +8.6% for MPA. Note the risk asymmetry: KTCC runs 3.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
KTCC vs MPA: side by side
| KTCC (Key Tronic Corporation) | MPA (Blackrock MuniYield Pennsylvania Quality Fund) | |
|---|---|---|
| 1-year return | +29.2% | +8.6% |
| 5-year return | -42.7% | -10.2% |
| Volatility (ann.) | 39.4% | 11.5% |
| Beta vs S&P 500 | 0.56 | 0.27 |
| Max drawdown (3Y) | -62.5% | -14.7% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | 33.5 |
| Dividend yield | 0.00% | 6.84% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KTCC | MPA |
|---|---|---|
| 2022 | -30.8% | -31.0% |
| 2023 | -0.2% | +9.7% |
| 2024 | -3.5% | +6.3% |
| 2025 | -33.1% | +1.8% |
| 2026 | +38.0% | +3.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KTCC and MPA good diversifiers for each other?
Reasonably. At 0.35, KTCC and MPA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between KTCC and MPA?
The KTCC/MPA correlation stands at 0.35 on a 3-year window (1 year: 0.46, 5 years: 0.29), computed from weekly returns as of 2026-08-27.
Is MPA a good diversifier for KTCC?
Reasonably. At 0.35, KTCC and MPA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ktcc-vs-mpa.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ktcc-vs-mpa/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KTCC correlations · MPA correlations
