MIDD vs SWK: Correlation
Measured on weekly returns over the past three years, The Middleby Corporation (MIDD) and Stanley Black & Decker (SWK) carry a correlation of 0.57, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MIDD and SWK?
On 3 years of weekly data the MIDD/SWK correlation comes out at 0.57, moderate. The relationship has been stable: the 1-year correlation (0.57) sits close to the 3-year figure. The 5-year figure is 0.56, and annualized covariance runs at 729.9 %².
Few assets follow MIDD as closely as SWK, which ranks #1 of 13 tracked partners. Their recent paths diverged sharply: over the last 12 months SWK outperformed by 34.5 percentage points (+2.5% for MIDD against +37.0% for SWK).
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.
MIDD vs SWK: side by side
| MIDD (The Middleby Corporation) | SWK (Stanley Black & Decker) | |
|---|---|---|
| 1-year return | +2.5% | +37.0% |
| 5-year return | -24.2% | -39.1% |
| Volatility (ann.) | 36.0% | 35.4% |
| Beta vs S&P 500 | 1.04 | 1.19 |
| Max drawdown (3Y) | -35.4% | -48.3% |
| Market cap | $5.1B | $15.0B |
| P/E (trailing) | 17.3 | 24.4 |
| Dividend yield | 0.00% | 3.33% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | MIDD | SWK |
|---|---|---|
| 2022 | -31.9% | -58.9% |
| 2023 | +9.9% | +35.6% |
| 2024 | -8.0% | -15.2% |
| 2025 | +9.8% | -3.2% |
| 2026 | -5.0% | +36.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MIDD and SWK good diversifiers for each other?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between MIDD and SWK?
Using weekly returns as of 2026-08-27: 0.57 over 3 years, with 0.57 over the last year and 0.56 over 5 years.
Is SWK a good diversifier for MIDD?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.57 mean?
A reading of 0.57 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/midd-vs-swk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/midd-vs-swk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MIDD correlations · SWK correlations
