MGPI vs SCL: Correlation
MGP Ingredients, Inc. (MGPI) and Stepan Company (SCL) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MGPI and SCL?
Across a 3-year window, the weekly returns of MGPI and SCL correlate at 0.51, moderate. The past 12 months show a tighter link (0.68) than the 3-year average (0.51). Stretching to 5 years gives 0.48, with an annualized covariance of 752.8 %².
In MGPI's tracked universe of 11 assets, SCL sits right near the top at #2. The last year tells two different stories: SCL led by 70.2 percentage points, -44.0% for MGPI against +26.2% for SCL.
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.
MGPI vs SCL: side by side
| MGPI (MGP Ingredients, Inc.) | SCL (Stepan Company) | |
|---|---|---|
| 1-year return | -44.0% | +26.2% |
| 5-year return | -73.6% | -40.5% |
| Volatility (ann.) | 40.4% | 36.4% |
| Beta vs S&P 500 | 0.75 | 0.93 |
| Max drawdown (3Y) | -86.5% | -54.0% |
| Market cap | $0.3B | $1.4B |
| P/E (trailing) | – | – |
| Dividend yield | 2.75% | 2.51% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MGPI | SCL |
|---|---|---|
| 2022 | +25.8% | -13.2% |
| 2023 | -7.0% | -9.7% |
| 2024 | -59.8% | -30.3% |
| 2025 | -37.3% | -24.6% |
| 2026 | -31.7% | +34.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MGPI and SCL good diversifiers for each other?
To a limited degree. At 0.51 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 MGPI and SCL?
The MGPI/SCL correlation stands at 0.51 on a 3-year window (1 year: 0.68, 5 years: 0.48), computed from weekly returns as of 2026-08-27.
Is SCL a good diversifier for MGPI?
To a limited degree. At 0.51 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 0.51 mean?
A reading of 0.51 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/mgpi-vs-scl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mgpi-vs-scl/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MGPI correlations · SCL correlations
