MNRO vs SLGN: Correlation
Monro, Inc. (MNRO) and Silgan Holdings Inc. (SLGN) show a moderate relationship: their 3-year correlation of weekly returns is 0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MNRO and SLGN?
On 3 years of weekly data the MNRO/SLGN correlation comes out at 0.53, moderate. The past 12 months show a tighter link (0.68) than the 3-year average (0.53). The 5-year figure is 0.46, and annualized covariance runs at 771.9 %².
Among the 11 assets we track against MNRO, SLGN ranks #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SLGN outperformed by 15.8 percentage points (-23.7% for MNRO against -7.9% for SLGN). Risk is not evenly split, since MNRO carries 1.7 times the volatility of the other side.
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.
MNRO vs SLGN: side by side
| MNRO (Monro, Inc.) | SLGN (Silgan Holdings Inc.) | |
|---|---|---|
| 1-year return | -23.7% | -7.9% |
| 5-year return | -73.0% | +5.9% |
| Volatility (ann.) | 50.0% | 29.4% |
| Beta vs S&P 500 | 0.93 | 0.58 |
| Max drawdown (3Y) | -61.6% | -35.0% |
| Market cap | $0.4B | $4.4B |
| P/E (trailing) | 53.3 | 16.9 |
| Dividend yield | 8.88% | 1.91% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MNRO | SLGN |
|---|---|---|
| 2022 | -20.6% | +22.7% |
| 2023 | -33.1% | -11.3% |
| 2024 | -12.0% | +16.8% |
| 2025 | -13.8% | -21.1% |
| 2026 | -35.6% | +4.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MNRO and SLGN good diversifiers for each other?
To a limited degree. At 0.53 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between MNRO and SLGN?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.68 over the last year and 0.46 over 5 years.
Is SLGN a good diversifier for MNRO?
To a limited degree. At 0.53 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.53 mean?
A reading of 0.53 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/mnro-vs-slgn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mnro-vs-slgn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MNRO correlations · SLGN correlations
