MAS vs SBH: Correlation
Measured on weekly returns over the past three years, Masco (MAS) and Sally Beauty Holdings, Inc. Commo (SBH) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MAS and SBH?
Over the past 3 years, MAS and SBH moved with a correlation of 0.51, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.62 versus 0.51 over 3 years. Over 5 years the correlation is 0.47, and the annualized covariance of weekly returns is 686.6 %².
Within MAS's tracked universe of 61 assets, SBH comes in at #43 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SBH outperformed by 17.0 percentage points (-0.5% for MAS against +16.5% for SBH). One caveat on sizing: SBH is 1.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 SBH: side by side
| MAS (Masco) | SBH (Sally Beauty Holdings, Inc. Commo) | |
|---|---|---|
| 1-year return | -0.5% | +16.5% |
| 5-year return | +29.1% | -12.3% |
| Volatility (ann.) | 29.6% | 45.3% |
| Beta vs S&P 500 | 0.95 | 1.15 |
| Max drawdown (3Y) | -30.9% | -45.2% |
| Market cap | $14.4B | $1.5B |
| P/E (trailing) | 17.0 | 8.6 |
| Dividend yield | 1.71% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | MAS | SBH |
|---|---|---|
| 2022 | -32.1% | -32.2% |
| 2023 | +46.6% | +6.1% |
| 2024 | +10.0% | -21.3% |
| 2025 | -10.9% | +36.5% |
| 2026 | +16.3% | +15.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MAS and SBH good diversifiers for each other?
To a limited degree. At 0.51 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 SBH?
The MAS/SBH correlation stands at 0.51 on a 3-year window (1 year: 0.62, 5 years: 0.47), computed from weekly returns as of 2026-08-27.
Is SBH a good diversifier for MAS?
To a limited degree. At 0.51 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 0.51 mean?
On the −1 to +1 scale, 0.51 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-sbh.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mas-vs-sbh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MAS correlations · SBH correlations
