MHK vs USO: Correlation
How closely do Mohawk Industries, Inc. (MHK) and United States Oil Fund (USO) trade together? Their weekly returns over three years give a correlation of -0.29, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MHK and USO?
Across a 3-year window, the weekly returns of MHK and USO correlate at -0.29, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.58) than the 3-year average (-0.29). Stretching to 5 years gives -0.14, with an annualized covariance of -454.3 %².
USO is close to the least connected end of MHK's tracked universe, ranking #25 of 27. The last year tells two different stories: USO led by 75.9 percentage points, -1.8% for MHK against +74.1% for USO.
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 USO: side by side
| MHK (Mohawk Industries, Inc.) | USO (United States Oil Fund) | |
|---|---|---|
| 1-year return | -1.8% | +74.1% |
| 5-year return | -35.8% | +168.6% |
| Volatility (ann.) | 39.3% | 39.4% |
| Beta vs S&P 500 | 1.13 | -0.20 |
| Max drawdown (3Y) | -42.0% | -32.5% |
| Market cap | $8.8B | – |
| P/E (trailing) | 17.5 | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | ETF · Commodities |
Year-by-year returns
| Year | MHK | USO |
|---|---|---|
| 2022 | -43.9% | +29.0% |
| 2023 | +1.3% | -4.9% |
| 2024 | +15.1% | +13.4% |
| 2025 | -8.3% | -8.5% |
| 2026 | +18.8% | +88.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MHK and USO good diversifiers for each other?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MHK and USO?
As of 2026-08-27, the correlation of weekly returns between MHK and USO is -0.29 over 3 years, -0.58 over 1 year and -0.14 over 5 years.
Is USO a good diversifier for MHK?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.29 mean?
A reading of -0.29 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-uso.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mhk-vs-uso/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MHK correlations · USO correlations
