MLKN vs TBN: Correlation
Measured on weekly returns over the past three years, MillerKnoll, Inc. (MLKN) and Tamboran Resources Corporation (TBN) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MLKN and TBN?
Over the past 3 years, MLKN and TBN moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.37) runs below the 3-year figure (-0.24). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -558.9 %².
Out of 10 assets tracked against MLKN, TBN lands near the bottom at #8. The last year tells two different stories: TBN led by 72.9 percentage points, +13.8% for MLKN against +86.7% for TBN.
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 TBN: side by side
| MLKN (MillerKnoll, Inc.) | TBN (Tamboran Resources Corporation) | |
|---|---|---|
| 1-year return | +13.8% | +86.7% |
| 5-year return | -35.2% | n/a |
| Volatility (ann.) | 45.1% | 52.6% |
| Beta vs S&P 500 | 1.11 | -0.08 |
| Max drawdown (3Y) | -53.3% | -38.6% |
| Market cap | $1.6B | $1.3B |
| P/E (trailing) | 17.7 | – |
| Dividend yield | 3.21% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MLKN | TBN |
|---|---|---|
| 2022 | -44.9% | – |
| 2023 | +32.0% | – |
| 2024 | -13.0% | – |
| 2025 | -15.7% | +29.7% |
| 2026 | +31.2% | +38.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MLKN and TBN good diversifiers for each other?
Yes. With a correlation of -0.24, MLKN and TBN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MLKN and TBN?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.37 over the last year and n/a over 5 years.
Is TBN a good diversifier for MLKN?
Yes. With a correlation of -0.24, MLKN and TBN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
A reading of -0.24 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: MLKN correlations · TBN correlations
