MAS vs NX: Correlation
Measured on weekly returns over the past three years, Masco (MAS) and Quanex Building Products Corporation (NX) 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 MAS and NX?
Across a 3-year window, the weekly returns of MAS and NX correlate at 0.60, strong. Little has changed lately, as the 1-year reading of 0.63 lands near the 3-year figure. Stretching to 5 years gives 0.54, with an annualized covariance of 877.0 %².
Within MAS's tracked universe of 61 assets, NX comes in at #34 by 3-year correlation. On 12-month performance MAS holds a 7.9-point edge, -0.5% against -8.4%. Note the risk asymmetry: NX 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 NX: side by side
| MAS (Masco) | NX (Quanex Building Products Corporation) | |
|---|---|---|
| 1-year return | -0.5% | -8.4% |
| 5-year return | +29.1% | -10.0% |
| Volatility (ann.) | 29.6% | 49.4% |
| Beta vs S&P 500 | 0.95 | 1.11 |
| Max drawdown (3Y) | -30.9% | -70.4% |
| Market cap | $14.4B | $0.9B |
| P/E (trailing) | 17.0 | – |
| Dividend yield | 1.71% | 1.61% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | MAS | NX |
|---|---|---|
| 2022 | -32.1% | -3.1% |
| 2023 | +46.6% | +30.7% |
| 2024 | +10.0% | -19.9% |
| 2025 | -10.9% | -35.4% |
| 2026 | +16.3% | +29.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MAS and NX good diversifiers for each other?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between MAS and NX?
The MAS/NX correlation stands at 0.60 on a 3-year window (1 year: 0.63, 5 years: 0.54), computed from weekly returns as of 2026-08-27.
Is NX a good diversifier for MAS?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
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/mas-vs-nx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mas-vs-nx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MAS correlations · NX correlations
