KWR vs MGA: Correlation
Measured on weekly returns over the past three years, Quaker Houghton (KWR) and Magna International, Inc. (MGA) carry a correlation of 0.60, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KWR and MGA?
Across a 3-year window, the weekly returns of KWR and MGA correlate at 0.60, strong. The link has loosened recently: the 1-year correlation (0.47) runs below the 3-year figure (0.60). Stretching to 5 years gives 0.59, with an annualized covariance of 645.8 %².
By 3-year correlation, MGA places #8 of the 20 assets tracked against KWR. Correlation aside, the last 12 months split them widely, with MGA ahead by 30.1 points (+15.1% versus +45.2%).
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.
KWR vs MGA: side by side
| KWR (Quaker Houghton) | MGA (Magna International, Inc.) | |
|---|---|---|
| 1-year return | +15.1% | +45.2% |
| 5-year return | -32.5% | -1.8% |
| Volatility (ann.) | 34.3% | 31.5% |
| Beta vs S&P 500 | 1.16 | 0.87 |
| Max drawdown (3Y) | -55.3% | -45.6% |
| Market cap | $2.8B | $17.6B |
| P/E (trailing) | 29.4 | 24.2 |
| Dividend yield | 1.24% | 2.98% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KWR | MGA |
|---|---|---|
| 2022 | -26.9% | -28.6% |
| 2023 | +29.1% | +8.8% |
| 2024 | -33.4% | -26.3% |
| 2025 | -0.8% | +32.4% |
| 2026 | +20.9% | +26.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KWR and MGA good diversifiers for each other?
Only partially. A correlation of 0.60 means KWR and MGA 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 KWR and MGA?
Using weekly returns as of 2026-08-27: 0.60 over 3 years, with 0.47 over the last year and 0.59 over 5 years.
Is MGA a good diversifier for KWR?
Only partially. A correlation of 0.60 means KWR and MGA share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.60 mean?
On the −1 to +1 scale, 0.60 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/kwr-vs-mga.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kwr-vs-mga/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KWR correlations · MGA correlations
