MAS vs PKG: Correlation
Measured on weekly returns over the past three years, Masco (MAS) and Packaging Corporation of America (PKG) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MAS and PKG?
Over the past 3 years, MAS and PKG moved with a correlation of 0.55, which is moderate. The relationship has been stable: the 1-year correlation (0.64) sits close to the 3-year figure. Over 5 years the correlation is 0.51, and the annualized covariance of weekly returns is 381.6 %².
By 3-year correlation, PKG places #37 of the 61 assets tracked against MAS. Correlation aside, the last 12 months split them widely, with PKG ahead by 19.0 points (-0.5% versus +18.5%). The rolling one-year correlation moved between 0.31 and 0.65 over the past three years, a moderate range.
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 PKG: side by side
| MAS (Masco) | PKG (Packaging Corporation of America) | |
|---|---|---|
| 1-year return | -0.5% | +18.5% |
| 5-year return | +29.1% | +86.8% |
| Volatility (ann.) | 29.6% | 23.5% |
| Beta vs S&P 500 | 0.95 | 0.52 |
| Max drawdown (3Y) | -30.9% | -28.4% |
| Market cap | $14.4B | $21.7B |
| P/E (trailing) | 17.0 | 31.6 |
| Dividend yield | 1.71% | 2.13% |
| Sector / category | Industrials | Materials |
Year-by-year returns
| Year | MAS | PKG |
|---|---|---|
| 2022 | -32.1% | -2.6% |
| 2023 | +46.6% | +31.9% |
| 2024 | +10.0% | +41.7% |
| 2025 | -10.9% | -6.1% |
| 2026 | +16.3% | +19.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MAS and PKG good diversifiers for each other?
Only partially. A correlation of 0.55 means MAS and PKG 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 PKG?
Using weekly returns as of 2026-08-27: 0.55 over 3 years, with 0.64 over the last year and 0.51 over 5 years.
Is PKG a good diversifier for MAS?
Only partially. A correlation of 0.55 means MAS and PKG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.55 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-pkg.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mas-vs-pkg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MAS correlations · PKG correlations
