MTUS vs RYZ: Correlation
Measured on weekly returns over the past three years, Metallus Inc. (MTUS) and Ryerson Holding Corporation (RYZ) 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 RYZ?
Over the past 3 years, MTUS and RYZ moved with a correlation of 0.65, which is strong. The relationship has been stable: the 1-year correlation (0.73) sits close to the 3-year figure. Over 5 years the correlation is 0.61, and the annualized covariance of weekly returns is 1250.7 %².
Few assets follow MTUS as closely as RYZ, which ranks #3 of 16 tracked partners. Over the last 12 months MTUS came out ahead by 5.0 percentage points (+20.2% against +15.2%).
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 RYZ: side by side
| MTUS (Metallus Inc.) | RYZ (Ryerson Holding Corporation) | |
|---|---|---|
| 1-year return | +20.2% | +15.2% |
| 5-year return | +40.6% | +20.9% |
| Volatility (ann.) | 40.3% | 47.4% |
| Beta vs S&P 500 | 1.20 | 1.18 |
| Max drawdown (3Y) | -52.7% | -49.0% |
| Market cap | $0.8B | $1.3B |
| P/E (trailing) | 99.5 | – |
| Dividend yield | 0.00% | 2.98% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MTUS | RYZ |
|---|---|---|
| 2022 | +10.1% | +18.3% |
| 2023 | +29.1% | +17.1% |
| 2024 | -39.7% | -44.9% |
| 2025 | +21.4% | +40.4% |
| 2026 | +16.0% | +2.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MTUS and RYZ good diversifiers for each other?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between MTUS and RYZ?
Using weekly returns as of 2026-08-27: 0.65 over 3 years, with 0.73 over the last year and 0.61 over 5 years.
Is RYZ a good diversifier for MTUS?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.65 mean?
A reading of 0.65 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/mtus-vs-ryz.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mtus-vs-ryz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MTUS correlations · RYZ correlations
