MCFT vs ONEW: Correlation
Measured on weekly returns over the past three years, MasterCraft Boat Holdings, Inc. (MCFT) and OneWater Marine Inc. (ONEW) carry a correlation of 0.63, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MCFT and ONEW?
Across a 3-year window, the weekly returns of MCFT and ONEW correlate at 0.63, strong. Little has changed lately, as the 1-year reading of 0.71 lands near the 3-year figure. Stretching to 5 years gives 0.60, with an annualized covariance of 1450.4 %².
Among the 22 assets we track against MCFT, ONEW ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with MCFT ahead by 38.8 points (+5.6% versus -33.2%). Note the risk asymmetry: ONEW runs 1.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
MCFT vs ONEW: side by side
| MCFT (MasterCraft Boat Holdings, Inc.) | ONEW (OneWater Marine Inc.) | |
|---|---|---|
| 1-year return | +5.6% | -33.2% |
| 5-year return | -7.0% | -71.6% |
| Volatility (ann.) | 39.1% | 59.0% |
| Beta vs S&P 500 | 1.03 | 1.72 |
| Max drawdown (3Y) | -41.1% | -76.1% |
| Market cap | $0.6B | $0.2B |
| P/E (trailing) | 36.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MCFT | ONEW |
|---|---|---|
| 2022 | -8.7% | -53.1% |
| 2023 | -12.5% | +18.1% |
| 2024 | -15.8% | -48.6% |
| 2025 | -0.8% | -37.7% |
| 2026 | +27.9% | +7.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MCFT and ONEW good diversifiers for each other?
To a limited degree. At 0.63 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 MCFT and ONEW?
The MCFT/ONEW correlation stands at 0.63 on a 3-year window (1 year: 0.71, 5 years: 0.60), computed from weekly returns as of 2026-08-27.
Is ONEW a good diversifier for MCFT?
To a limited degree. At 0.63 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 0.63 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/mcft-vs-onew.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mcft-vs-onew/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MCFT correlations · ONEW correlations
