MAS vs SHW: Correlation
Measured on weekly returns over the past three years, Masco (MAS) and Sherwin-Williams (SHW) carry a correlation of 0.68, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MAS and SHW?
Over the past 3 years, MAS and SHW moved with a correlation of 0.68, which is strong. The past 12 months show a weaker link (0.57) than the 3-year average (0.68). Over 5 years the correlation is 0.70, and the annualized covariance of weekly returns is 496.9 %².
By 3-year correlation, SHW places #20 of the 61 assets tracked against MAS. Twelve-month performance is nearly a tie, at -0.5% for MAS and -5.1% for SHW. On a rolling one-year basis the correlation drifted between 0.58 and 0.84, a moderate band.
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 SHW: side by side
| MAS (Masco) | SHW (Sherwin-Williams) | |
|---|---|---|
| 1-year return | -0.5% | -5.1% |
| 5-year return | +29.1% | +18.3% |
| Volatility (ann.) | 29.6% | 24.6% |
| Beta vs S&P 500 | 0.95 | 0.79 |
| Max drawdown (3Y) | -30.9% | -25.7% |
| Market cap | $14.4B | $83.8B |
| P/E (trailing) | 17.0 | 31.8 |
| Dividend yield | 1.71% | 0.91% |
| Sector / category | Industrials | Materials |
Year-by-year returns
| Year | MAS | SHW |
|---|---|---|
| 2022 | -32.1% | -32.0% |
| 2023 | +46.6% | +32.7% |
| 2024 | +10.0% | +9.9% |
| 2025 | -10.9% | -3.8% |
| 2026 | +16.3% | +7.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MAS and SHW good diversifiers for each other?
Somewhat, no more. With 0.68 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between MAS and SHW?
As of 2026-08-27, the correlation of weekly returns between MAS and SHW is 0.68 over 3 years, 0.57 over 1 year and 0.70 over 5 years.
Is SHW a good diversifier for MAS?
Somewhat, no more. With 0.68 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.68 mean?
A reading of 0.68 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-shw.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mas-vs-shw/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MAS correlations · SHW correlations
