KTOS vs MP: Correlation
Measured on weekly returns over the past three years, Kratos Defense & Security Solutions, Inc. (KTOS) and MP Materials Corp. (MP) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KTOS and MP?
Across a 3-year window, the weekly returns of KTOS and MP correlate at 0.43, moderate. The relationship has been stable: the 1-year correlation (0.48) sits close to the 3-year figure. Stretching to 5 years gives 0.40, with an annualized covariance of 1782.5 %².
By 3-year correlation, MP places #10 of the 21 assets tracked against KTOS. Their 12-month results are close: -21.0% for KTOS against -17.3% for MP.
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.
KTOS vs MP: side by side
| KTOS (Kratos Defense & Security Solutions, Inc.) | MP (MP Materials Corp.) | |
|---|---|---|
| 1-year return | -21.0% | -17.3% |
| 5-year return | +117.5% | +76.6% |
| Volatility (ann.) | 59.9% | 69.3% |
| Beta vs S&P 500 | 1.62 | 0.90 |
| Max drawdown (3Y) | -66.4% | -61.4% |
| Market cap | $10.1B | $10.5B |
| P/E (trailing) | 315.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KTOS | MP |
|---|---|---|
| 2022 | -46.8% | -46.5% |
| 2023 | +96.6% | -18.2% |
| 2024 | +30.0% | -21.4% |
| 2025 | +187.8% | +223.8% |
| 2026 | -29.3% | +16.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KTOS and MP good diversifiers for each other?
Reasonably. At 0.43, KTOS and MP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between KTOS and MP?
As of 2026-08-27, the correlation of weekly returns between KTOS and MP is 0.43 over 3 years, 0.48 over 1 year and 0.40 over 5 years.
Is MP a good diversifier for KTOS?
Reasonably. At 0.43, KTOS and MP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 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/ktos-vs-mp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ktos-vs-mp/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KTOS correlations · MP correlations
