METC vs MP: Correlation
Measured on weekly returns over the past three years, Ramaco Resources, Inc. (METC) and MP Materials Corp. (MP) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are METC and MP?
Across a 3-year window, the weekly returns of METC and MP correlate at 0.43, moderate. The relationship has been stable: the 1-year correlation (0.49) sits close to the 3-year figure. Stretching to 5 years gives 0.28, with an annualized covariance of 2557.5 %².
Among the 13 assets we track against METC, MP ranks #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MP outperformed by 27.8 percentage points (-45.1% for METC against -17.3% for MP).
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.
METC vs MP: side by side
| METC (Ramaco Resources, Inc.) | MP (MP Materials Corp.) | |
|---|---|---|
| 1-year return | -45.1% | -17.3% |
| 5-year return | +83.2% | +76.6% |
| Volatility (ann.) | 86.1% | 69.3% |
| Beta vs S&P 500 | 1.13 | 0.90 |
| Max drawdown (3Y) | -83.7% | -61.4% |
| Market cap | $0.9B | $10.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | METC | MP |
|---|---|---|
| 2022 | -33.0% | -46.5% |
| 2023 | +105.9% | -18.2% |
| 2024 | -37.9% | -21.4% |
| 2025 | +77.9% | +223.8% |
| 2026 | -22.7% | +16.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are METC and MP good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between METC and MP?
The METC/MP correlation stands at 0.43 on a 3-year window (1 year: 0.49, 5 years: 0.28), computed from weekly returns as of 2026-08-27.
Is MP a good diversifier for METC?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 mean?
A reading of 0.43 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/metc-vs-mp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/metc-vs-mp/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: METC correlations · MP correlations
