MTRX vs MTUS: Correlation
Matrix Service Company (MTRX) and Metallus Inc. (MTUS) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MTRX and MTUS?
On 3 years of weekly data the MTRX/MTUS correlation comes out at 0.46, moderate. Recent behaviour matches the longer record: 0.45 over 1 year against 0.46 over 3. The 5-year figure is 0.41, and annualized covariance runs at 959.0 %².
Within MTRX's tracked universe of 12 assets, MTUS comes in at #4 by 3-year correlation. The last year tells two different stories: MTUS led by 49.2 percentage points, -29.0% for MTRX against +20.2% for MTUS.
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.
MTRX vs MTUS: side by side
| MTRX (Matrix Service Company) | MTUS (Metallus Inc.) | |
|---|---|---|
| 1-year return | -29.0% | +20.2% |
| 5-year return | -3.9% | +40.6% |
| Volatility (ann.) | 51.6% | 40.3% |
| Beta vs S&P 500 | 1.13 | 1.20 |
| Max drawdown (3Y) | -36.0% | -52.7% |
| Market cap | $0.3B | $0.8B |
| P/E (trailing) | – | 99.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MTRX | MTUS |
|---|---|---|
| 2022 | -17.3% | +10.1% |
| 2023 | +57.2% | +29.1% |
| 2024 | +22.4% | -39.7% |
| 2025 | -2.3% | +21.4% |
| 2026 | -6.8% | +16.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MTRX and MTUS good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MTRX and MTUS?
As of 2026-08-27, the correlation of weekly returns between MTRX and MTUS is 0.46 over 3 years, 0.45 over 1 year and 0.41 over 5 years.
Is MTUS a good diversifier for MTRX?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 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/mtrx-vs-mtus.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mtrx-vs-mtus/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MTRX correlations · MTUS correlations
