MHK vs MMM: Correlation
How closely do Mohawk Industries, Inc. (MHK) and 3M (MMM) trade together? Their weekly returns over three years give a correlation of 0.56, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MHK and MMM?
Across a 3-year window, the weekly returns of MHK and MMM correlate at 0.56, moderate. The relationship has been stable: the 1-year correlation (0.60) sits close to the 3-year figure. Stretching to 5 years gives 0.56, with an annualized covariance of 662.7 %².
By 3-year correlation, MMM places #14 of the 27 assets tracked against MHK. The last year tells two different stories: MMM led by 18.2 percentage points, -1.8% for MHK against +16.4% for MMM.
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.
MHK vs MMM: side by side
| MHK (Mohawk Industries, Inc.) | MMM (3M) | |
|---|---|---|
| 1-year return | -1.8% | +16.4% |
| 5-year return | -35.8% | +29.9% |
| Volatility (ann.) | 39.3% | 29.8% |
| Beta vs S&P 500 | 1.13 | 0.89 |
| Max drawdown (3Y) | -42.0% | -20.7% |
| Market cap | $8.8B | $92.2B |
| P/E (trailing) | 17.5 | 31.9 |
| Dividend yield | 0.00% | 1.68% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | MHK | MMM |
|---|---|---|
| 2022 | -43.9% | -29.6% |
| 2023 | +1.3% | -3.3% |
| 2024 | +15.1% | +46.1% |
| 2025 | -8.3% | +26.4% |
| 2026 | +18.8% | +13.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MHK and MMM good diversifiers for each other?
To a limited degree. At 0.56 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 MHK and MMM?
Using weekly returns as of 2026-08-27: 0.56 over 3 years, with 0.60 over the last year and 0.56 over 5 years.
Is MMM a good diversifier for MHK?
To a limited degree. At 0.56 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 0.56 mean?
A reading of 0.56 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/mhk-vs-mmm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mhk-vs-mmm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MHK correlations · MMM correlations
