LOW vs MHK: Correlation
How closely do Lowe's (LOW) and Mohawk Industries, Inc. (MHK) trade together? Their weekly returns over three years give a correlation of 0.68, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LOW and MHK?
On 3 years of weekly data the LOW/MHK correlation comes out at 0.68, strong. Recent behaviour matches the longer record: 0.75 over 1 year against 0.68 over 3. The 5-year figure is 0.65, and annualized covariance runs at 668.6 %².
Among the 46 assets we track against LOW, MHK ranks #13 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MHK outperformed by 16.6 percentage points (-18.4% for LOW against -1.8% for MHK). Risk is not evenly split, since MHK carries 1.6 times the volatility of the other side.
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.
LOW vs MHK: side by side
| LOW (Lowe's) | MHK (Mohawk Industries, Inc.) | |
|---|---|---|
| 1-year return | -18.4% | -1.8% |
| 5-year return | +11.1% | -35.8% |
| Volatility (ann.) | 24.8% | 39.3% |
| Beta vs S&P 500 | 0.83 | 1.13 |
| Max drawdown (3Y) | -29.0% | -42.0% |
| Market cap | – | $8.8B |
| P/E (trailing) | 17.8 | 17.5 |
| Dividend yield | 2.31% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | LOW | MHK |
|---|---|---|
| 2022 | -21.5% | -43.9% |
| 2023 | +14.0% | +1.3% |
| 2024 | +13.0% | +15.1% |
| 2025 | -0.3% | -8.3% |
| 2026 | -12.9% | +18.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LOW and MHK good diversifiers for each other?
Somewhat, no more. With 0.68 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between LOW and MHK?
The LOW/MHK correlation stands at 0.68 on a 3-year window (1 year: 0.75, 5 years: 0.65), computed from weekly returns as of 2026-08-27.
Is MHK a good diversifier for LOW?
Somewhat, no more. With 0.68 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.68 mean?
A reading of 0.68 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/low-vs-mhk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/low-vs-mhk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LOW correlations · MHK correlations
