LW vs MTX: Correlation
How closely do Lamb Weston Holdings, Inc. (LW) and Minerals Technologies Inc. (MTX) trade together? Their weekly returns over three years give a correlation of 0.33, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LW and MTX?
Over the past 3 years, LW and MTX moved with a correlation of 0.33, which is moderate. The link has loosened recently: the 1-year correlation (0.19) runs below the 3-year figure (0.33). Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 436.6 %².
Among the 17 assets we track against LW, MTX ranks #4 by 3-year correlation. On 12-month performance MTX holds a 12.3-point edge, -0.3% against +12.0%.
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.
LW vs MTX: side by side
| LW (Lamb Weston Holdings, Inc.) | MTX (Minerals Technologies Inc.) | |
|---|---|---|
| 1-year return | -0.3% | +12.0% |
| 5-year return | -6.1% | -6.2% |
| Volatility (ann.) | 43.2% | 30.4% |
| Beta vs S&P 500 | 0.44 | 0.90 |
| Max drawdown (3Y) | -63.1% | -42.5% |
| Market cap | $7.5B | $2.3B |
| P/E (trailing) | 26.6 | – |
| Dividend yield | 2.71% | 0.65% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LW | MTX |
|---|---|---|
| 2022 | +42.9% | -16.7% |
| 2023 | +22.3% | +18.0% |
| 2024 | -37.0% | +7.4% |
| 2025 | -35.7% | -19.4% |
| 2026 | +34.1% | +19.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LW and MTX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between LW and MTX?
The LW/MTX correlation stands at 0.33 on a 3-year window (1 year: 0.19, 5 years: 0.32), computed from weekly returns as of 2026-08-27.
Is MTX a good diversifier for LW?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.33 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/lw-vs-mtx.json
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Related comparisons
Hubs: LW correlations · MTX correlations
