MOD vs TBBB: Correlation
Modine Manufacturing Company (MOD) and BBB Foods Inc. Class A (TBBB) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MOD and TBBB?
On 3 years of weekly data the MOD/TBBB correlation comes out at 0.43, moderate. Little has changed lately, as the 1-year reading of 0.38 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 1116.3 %².
Within MOD's tracked universe of 15 assets, TBBB comes in at #10 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TBBB ahead by 53.2 points (+32.7% versus +85.9%).
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.
MOD vs TBBB: side by side
| MOD (Modine Manufacturing Company) | TBBB (BBB Foods Inc. Class A) | |
|---|---|---|
| 1-year return | +32.7% | +85.9% |
| 5-year return | +1391.7% | n/a |
| Volatility (ann.) | 59.1% | 41.8% |
| Beta vs S&P 500 | 1.87 | 0.96 |
| Max drawdown (3Y) | -51.6% | -29.6% |
| Market cap | $9.9B | $5.9B |
| P/E (trailing) | 70.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MOD | TBBB |
|---|---|---|
| 2022 | +96.8% | – |
| 2023 | +200.6% | – |
| 2024 | +94.2% | – |
| 2025 | +15.2% | +18.1% |
| 2026 | +39.5% | +45.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MOD and TBBB good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MOD and TBBB?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.38 over the last year and n/a over 5 years.
Is TBBB a good diversifier for MOD?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 mean?
A reading of 0.43 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/mod-vs-tbbb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mod-vs-tbbb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MOD correlations · TBBB correlations
