MATX vs MRTN: Correlation
Measured on weekly returns over the past three years, Matson, Inc. (MATX) and Marten Transport, Ltd. (MRTN) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MATX and MRTN?
Over the past 3 years, MATX and MRTN moved with a correlation of 0.49, which is moderate. Recent behaviour matches the longer record: 0.50 over 1 year against 0.49 over 3. Over 5 years the correlation is 0.48, and the annualized covariance of weekly returns is 486.6 %².
Among the 13 assets we track against MATX, MRTN ranks #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with MATX ahead by 89.4 points (+112.8% versus +23.4%).
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.
MATX vs MRTN: side by side
| MATX (Matson, Inc.) | MRTN (Marten Transport, Ltd.) | |
|---|---|---|
| 1-year return | +112.8% | +23.4% |
| 5-year return | +195.6% | -1.0% |
| Volatility (ann.) | 34.6% | 28.6% |
| Beta vs S&P 500 | 0.80 | 0.78 |
| Max drawdown (3Y) | -46.9% | -54.8% |
| Market cap | $6.6B | $1.2B |
| P/E (trailing) | 14.9 | 96.4 |
| Dividend yield | 0.65% | 1.66% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MATX | MRTN |
|---|---|---|
| 2022 | -29.5% | +16.7% |
| 2023 | +78.2% | +7.3% |
| 2024 | +24.3% | -24.6% |
| 2025 | -7.2% | -25.7% |
| 2026 | +80.8% | +28.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MATX and MRTN good diversifiers for each other?
Reasonably. At 0.49, MATX and MRTN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MATX and MRTN?
As of 2026-08-27, the correlation of weekly returns between MATX and MRTN is 0.49 over 3 years, 0.50 over 1 year and 0.48 over 5 years.
Is MRTN a good diversifier for MATX?
Reasonably. At 0.49, MATX and MRTN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/matx-vs-mrtn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/matx-vs-mrtn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MATX correlations · MRTN correlations
