MAS vs NDSN: Correlation
How closely do Masco (MAS) and Nordson Corporation (NDSN) trade together? Their weekly returns over three years give a correlation of 0.62, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MAS and NDSN?
Across a 3-year window, the weekly returns of MAS and NDSN correlate at 0.62, strong. Little has changed lately, as the 1-year reading of 0.57 lands near the 3-year figure. Stretching to 5 years gives 0.64, with an annualized covariance of 450.2 %².
Among the 61 assets we track against MAS, NDSN ranks #31 by 3-year correlation. The last year tells two different stories: NDSN led by 49.0 percentage points, -0.5% for MAS against +48.5% for NDSN. Stability stands out here, with the rolling one-year correlation confined to 0.59 through 0.75.
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 NDSN: side by side
| MAS (Masco) | NDSN (Nordson Corporation) | |
|---|---|---|
| 1-year return | -0.5% | +48.5% |
| 5-year return | +29.1% | +46.5% |
| Volatility (ann.) | 29.6% | 24.7% |
| Beta vs S&P 500 | 0.95 | 0.97 |
| Max drawdown (3Y) | -30.9% | -39.1% |
| Market cap | $14.4B | $18.4B |
| P/E (trailing) | 17.0 | 33.5 |
| Dividend yield | 1.71% | 0.98% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | MAS | NDSN |
|---|---|---|
| 2022 | -32.1% | -5.9% |
| 2023 | +46.6% | +12.4% |
| 2024 | +10.0% | -20.1% |
| 2025 | -10.9% | +17.0% |
| 2026 | +16.3% | +38.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MAS and NDSN good diversifiers for each other?
To a limited degree. At 0.62 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between MAS and NDSN?
As of 2026-08-27, the correlation of weekly returns between MAS and NDSN is 0.62 over 3 years, 0.57 over 1 year and 0.64 over 5 years.
Is NDSN a good diversifier for MAS?
To a limited degree. At 0.62 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.62 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/mas-vs-ndsn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mas-vs-ndsn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MAS correlations · NDSN correlations
