MAS vs MNRO: Correlation
How closely do Masco (MAS) and Monro, Inc. (MNRO) trade together? Their weekly returns over three years give a correlation of 0.53, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MAS and MNRO?
Across a 3-year window, the weekly returns of MAS and MNRO correlate at 0.53, moderate. Recent behaviour matches the longer record: 0.62 over 1 year against 0.53 over 3. Stretching to 5 years gives 0.50, with an annualized covariance of 790.1 %².
Among the 61 assets we track against MAS, MNRO ranks #41 by 3-year correlation. Correlation aside, the last 12 months split them widely, with MAS ahead by 23.2 points (-0.5% versus -23.7%). Note the risk asymmetry: MNRO runs 1.7 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.
MAS vs MNRO: side by side
| MAS (Masco) | MNRO (Monro, Inc.) | |
|---|---|---|
| 1-year return | -0.5% | -23.7% |
| 5-year return | +29.1% | -73.0% |
| Volatility (ann.) | 29.6% | 50.0% |
| Beta vs S&P 500 | 0.95 | 0.93 |
| Max drawdown (3Y) | -30.9% | -61.6% |
| Market cap | $14.4B | $0.4B |
| P/E (trailing) | 17.0 | 53.3 |
| Dividend yield | 1.71% | 8.88% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | MAS | MNRO |
|---|---|---|
| 2022 | -32.1% | -20.6% |
| 2023 | +46.6% | -33.1% |
| 2024 | +10.0% | -12.0% |
| 2025 | -10.9% | -13.8% |
| 2026 | +16.3% | -35.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MAS and MNRO good diversifiers for each other?
Only partially. A correlation of 0.53 means MAS and MNRO 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 MAS and MNRO?
As of 2026-08-27, the correlation of weekly returns between MAS and MNRO is 0.53 over 3 years, 0.62 over 1 year and 0.50 over 5 years.
Is MNRO a good diversifier for MAS?
Only partially. A correlation of 0.53 means MAS and MNRO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 mean?
A reading of 0.53 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: MAS correlations · MNRO correlations
