MTUS vs OEC: Correlation
How closely do Metallus Inc. (MTUS) and Orion S.A. (OEC) trade together? Their weekly returns over three years give a correlation of 0.59, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MTUS and OEC?
On 3 years of weekly data the MTUS/OEC correlation comes out at 0.59, moderate. Recent behaviour matches the longer record: 0.59 over 1 year against 0.59 over 3. The 5-year figure is 0.50, and annualized covariance runs at 1238.2 %².
By 3-year correlation, OEC places #8 of the 16 assets tracked against MTUS. The last year tells two different stories: MTUS led by 59.4 percentage points, +20.2% for MTUS against -39.2% for OEC.
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.
MTUS vs OEC: side by side
| MTUS (Metallus Inc.) | OEC (Orion S.A.) | |
|---|---|---|
| 1-year return | +20.2% | -39.2% |
| 5-year return | +40.6% | -64.2% |
| Volatility (ann.) | 40.3% | 51.9% |
| Beta vs S&P 500 | 1.20 | 1.04 |
| Max drawdown (3Y) | -52.7% | -84.5% |
| Market cap | $0.8B | $0.4B |
| P/E (trailing) | 99.5 | – |
| Dividend yield | 0.00% | 1.35% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MTUS | OEC |
|---|---|---|
| 2022 | +10.1% | -2.4% |
| 2023 | +29.1% | +56.2% |
| 2024 | -39.7% | -42.8% |
| 2025 | +21.4% | -66.4% |
| 2026 | +16.0% | +20.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MTUS and OEC good diversifiers for each other?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between MTUS and OEC?
As of 2026-08-27, the correlation of weekly returns between MTUS and OEC is 0.59 over 3 years, 0.59 over 1 year and 0.50 over 5 years.
Is OEC a good diversifier for MTUS?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.59 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/mtus-vs-oec.json
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Related comparisons
Hubs: MTUS correlations · OEC correlations
