MLKN vs OC: Correlation
MillerKnoll, Inc. (MLKN) and Owens Corning Inc (OC) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MLKN and OC?
On 3 years of weekly data the MLKN/OC correlation comes out at 0.52, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.63 versus 0.52 over 3 years. The 5-year figure is 0.49, and annualized covariance runs at 818.9 %².
Few assets follow MLKN as closely as OC, which ranks #3 of 10 tracked partners. Their recent paths diverged sharply: over the last 12 months MLKN outperformed by 17.4 percentage points (+13.8% for MLKN against -3.6% for OC).
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.
MLKN vs OC: side by side
| MLKN (MillerKnoll, Inc.) | OC (Owens Corning Inc) | |
|---|---|---|
| 1-year return | +13.8% | -3.6% |
| 5-year return | -35.2% | +60.3% |
| Volatility (ann.) | 45.1% | 35.1% |
| Beta vs S&P 500 | 1.11 | 1.41 |
| Max drawdown (3Y) | -53.3% | -52.5% |
| Market cap | $1.6B | $11.4B |
| P/E (trailing) | 17.7 | – |
| Dividend yield | 3.21% | 2.10% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MLKN | OC |
|---|---|---|
| 2022 | -44.9% | -4.2% |
| 2023 | +32.0% | +77.2% |
| 2024 | -13.0% | +16.6% |
| 2025 | -15.7% | -33.0% |
| 2026 | +31.2% | +30.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MLKN and OC good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between MLKN and OC?
As of 2026-08-27, the correlation of weekly returns between MLKN and OC is 0.52 over 3 years, 0.63 over 1 year and 0.49 over 5 years.
Is OC a good diversifier for MLKN?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 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
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Related comparisons
Hubs: MLKN correlations · OC correlations
