MTUS vs RS: Correlation
Measured on weekly returns over the past three years, Metallus Inc. (MTUS) and Reliance, Inc. (RS) carry a correlation of 0.65, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MTUS and RS?
On 3 years of weekly data the MTUS/RS correlation comes out at 0.65, strong. The link has tightened recently: the 1-year correlation (0.76) runs above the 3-year figure (0.65). The 5-year figure is 0.62, and annualized covariance runs at 670.0 %².
RS is one of the assets that tracks MTUS most closely: it ranks #2 out of the 16 assets we track against MTUS. Over the last 12 months RS came out ahead by 14.5 percentage points (+20.2% against +34.7%). Risk is not evenly split, since MTUS carries 1.6 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.
MTUS vs RS: side by side
| MTUS (Metallus Inc.) | RS (Reliance, Inc.) | |
|---|---|---|
| 1-year return | +20.2% | +34.7% |
| 5-year return | +40.6% | +177.9% |
| Volatility (ann.) | 40.3% | 25.5% |
| Beta vs S&P 500 | 1.20 | 0.77 |
| Max drawdown (3Y) | -52.7% | -22.3% |
| Market cap | $0.8B | $20.0B |
| P/E (trailing) | 99.5 | 22.8 |
| Dividend yield | 0.00% | 1.25% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MTUS | RS |
|---|---|---|
| 2022 | +10.1% | +27.1% |
| 2023 | +29.1% | +40.3% |
| 2024 | -39.7% | -2.3% |
| 2025 | +21.4% | +9.1% |
| 2026 | +16.0% | +37.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MTUS and RS good diversifiers for each other?
To a limited degree. At 0.65 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 MTUS and RS?
As of 2026-08-27, the correlation of weekly returns between MTUS and RS is 0.65 over 3 years, 0.76 over 1 year and 0.62 over 5 years.
Is RS a good diversifier for MTUS?
To a limited degree. At 0.65 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 0.65 mean?
On the −1 to +1 scale, 0.65 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mtus-vs-rs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mtus-vs-rs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MTUS correlations · RS correlations
