MAS vs PPG: Correlation
How closely do Masco (MAS) and PPG Industries (PPG) trade together? Their weekly returns over three years give a correlation of 0.70, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MAS and PPG?
Across a 3-year window, the weekly returns of MAS and PPG correlate at 0.70, strong. The relationship has been stable: the 1-year correlation (0.75) sits close to the 3-year figure. Stretching to 5 years gives 0.67, with an annualized covariance of 524.9 %².
Among the 61 assets we track against MAS, PPG ranks #17 by 3-year correlation. Neither side won the trailing year by much: -0.5% against +3.8%. The rolling one-year correlation moved between 0.50 and 0.76 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 PPG: side by side
| MAS (Masco) | PPG (PPG Industries) | |
|---|---|---|
| 1-year return | -0.5% | +3.8% |
| 5-year return | +29.1% | -22.0% |
| Volatility (ann.) | 29.6% | 25.5% |
| Beta vs S&P 500 | 0.95 | 0.90 |
| Max drawdown (3Y) | -30.9% | -37.4% |
| Market cap | $14.4B | $25.2B |
| P/E (trailing) | 17.0 | 16.4 |
| Dividend yield | 1.71% | 2.48% |
| Sector / category | Industrials | Materials |
Year-by-year returns
| Year | MAS | PPG |
|---|---|---|
| 2022 | -32.1% | -25.7% |
| 2023 | +46.6% | +21.2% |
| 2024 | +10.0% | -18.5% |
| 2025 | -10.9% | -12.0% |
| 2026 | +16.3% | +12.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MAS and PPG good diversifiers for each other?
To a limited degree. At 0.70 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 PPG?
The MAS/PPG correlation stands at 0.70 on a 3-year window (1 year: 0.75, 5 years: 0.67), computed from weekly returns as of 2026-08-27.
Is PPG a good diversifier for MAS?
To a limited degree. At 0.70 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 0.70 mean?
A reading of 0.70 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mas-vs-ppg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mas-vs-ppg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MAS correlations · PPG correlations
