MATV vs PKOH: Correlation
How closely do Mativ Holdings, Inc. (MATV) and Park-Ohio Holdings Corp. (PKOH) trade together? Their weekly returns over three years give a correlation of 0.58, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MATV and PKOH?
On 3 years of weekly data the MATV/PKOH correlation comes out at 0.58, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.73 versus 0.58 over 3 years. The 5-year figure is 0.39, and annualized covariance runs at 1771.5 %².
PKOH is one of the assets that tracks MATV most closely: it ranks #2 out of the 12 assets we track against MATV. Their recent paths diverged sharply: over the last 12 months PKOH outperformed by 143.3 percentage points (+2.7% for MATV against +146.0% for PKOH). One caveat on sizing: MATV is 1.6 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.
MATV vs PKOH: side by side
| MATV (Mativ Holdings, Inc.) | PKOH (Park-Ohio Holdings Corp.) | |
|---|---|---|
| 1-year return | +2.7% | +146.0% |
| 5-year return | -59.1% | +101.4% |
| Volatility (ann.) | 70.0% | 43.9% |
| Beta vs S&P 500 | 1.74 | 1.33 |
| Max drawdown (3Y) | -75.3% | -52.5% |
| Market cap | $0.7B | $0.7B |
| P/E (trailing) | 7.5 | 24.6 |
| Dividend yield | 3.24% | 1.09% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MATV | PKOH |
|---|---|---|
| 2022 | -25.3% | -40.3% |
| 2023 | -22.7% | +127.1% |
| 2024 | -27.1% | -0.8% |
| 2025 | +17.3% | -18.3% |
| 2026 | +2.5% | +129.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MATV and PKOH good diversifiers for each other?
To a limited degree. At 0.58 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 MATV and PKOH?
Using weekly returns as of 2026-08-27: 0.58 over 3 years, with 0.73 over the last year and 0.39 over 5 years.
Is PKOH a good diversifier for MATV?
To a limited degree. At 0.58 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 0.58 mean?
On the −1 to +1 scale, 0.58 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/matv-vs-pkoh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/matv-vs-pkoh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MATV correlations · PKOH correlations
