MKC vs SLGN: Correlation
How closely do McCormick & Company (MKC) and Silgan Holdings Inc. (SLGN) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MKC and SLGN?
Across a 3-year window, the weekly returns of MKC and SLGN correlate at 0.49, moderate. The relationship has been stable: the 1-year correlation (0.55) sits close to the 3-year figure. Stretching to 5 years gives 0.42, with an annualized covariance of 382.8 %².
By 3-year correlation, SLGN places #8 of the 34 assets tracked against MKC. Over the last 12 months SLGN came out ahead by 12.4 percentage points (-20.3% against -7.9%).
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.
MKC vs SLGN: side by side
| MKC (McCormick & Company) | SLGN (Silgan Holdings Inc.) | |
|---|---|---|
| 1-year return | -20.3% | -7.9% |
| 5-year return | -28.5% | +5.9% |
| Volatility (ann.) | 26.5% | 29.4% |
| Beta vs S&P 500 | 0.24 | 0.58 |
| Max drawdown (3Y) | -44.3% | -35.0% |
| Market cap | $14.7B | $4.4B |
| P/E (trailing) | 9.2 | 16.9 |
| Dividend yield | 3.38% | 1.91% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | MKC | SLGN |
|---|---|---|
| 2022 | -12.7% | +22.7% |
| 2023 | -15.7% | -11.3% |
| 2024 | +14.0% | +16.8% |
| 2025 | -8.3% | -21.1% |
| 2026 | -18.5% | +4.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MKC and SLGN good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MKC and SLGN?
The MKC/SLGN correlation stands at 0.49 on a 3-year window (1 year: 0.55, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is SLGN a good diversifier for MKC?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mkc-vs-slgn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mkc-vs-slgn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MKC correlations · SLGN correlations
