MATV vs WLDN: Correlation
Measured on weekly returns over the past three years, Mativ Holdings, Inc. (MATV) and Willdan Group, Inc. (WLDN) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MATV and WLDN?
On 3 years of weekly data the MATV/WLDN correlation comes out at 0.42, moderate. The relationship has been stable: the 1-year correlation (0.36) sits close to the 3-year figure. The 5-year figure is 0.34, and annualized covariance runs at 1552.7 %².
Among the 12 assets we track against MATV, WLDN ranks #7 by 3-year correlation. The last year tells two different stories: MATV led by 27.1 percentage points, +2.7% for MATV against -24.4% for WLDN.
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 WLDN: side by side
| MATV (Mativ Holdings, Inc.) | WLDN (Willdan Group, Inc.) | |
|---|---|---|
| 1-year return | +2.7% | -24.4% |
| 5-year return | -59.1% | +134.3% |
| Volatility (ann.) | 70.0% | 52.6% |
| Beta vs S&P 500 | 1.74 | 0.98 |
| Max drawdown (3Y) | -75.3% | -50.4% |
| Market cap | $0.7B | $1.3B |
| P/E (trailing) | 7.5 | 20.2 |
| Dividend yield | 3.24% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MATV | WLDN |
|---|---|---|
| 2022 | -25.3% | -49.3% |
| 2023 | -22.7% | +20.4% |
| 2024 | -27.1% | +77.2% |
| 2025 | +17.3% | +172.1% |
| 2026 | +2.5% | -15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MATV and WLDN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MATV and WLDN?
The MATV/WLDN correlation stands at 0.42 on a 3-year window (1 year: 0.36, 5 years: 0.34), computed from weekly returns as of 2026-08-27.
Is WLDN a good diversifier for MATV?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 mean?
A reading of 0.42 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/matv-vs-wldn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/matv-vs-wldn/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MATV correlations · WLDN correlations
