MTX vs SCL: Correlation
Measured on weekly returns over the past three years, Minerals Technologies Inc. (MTX) and Stepan Company (SCL) 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 MTX and SCL?
Over the past 3 years, MTX and SCL moved with a correlation of 0.65, which is strong. Recent behaviour matches the longer record: 0.55 over 1 year against 0.65 over 3. Over 5 years the correlation is 0.63, and the annualized covariance of weekly returns is 713.7 %².
In MTX's tracked universe of 17 assets, SCL sits right near the top at #3. The trailing year gives SCL the advantage: +12.0% versus +26.2%, a 14.2-point spread.
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.
MTX vs SCL: side by side
| MTX (Minerals Technologies Inc.) | SCL (Stepan Company) | |
|---|---|---|
| 1-year return | +12.0% | +26.2% |
| 5-year return | -6.2% | -40.5% |
| Volatility (ann.) | 30.4% | 36.4% |
| Beta vs S&P 500 | 0.90 | 0.93 |
| Max drawdown (3Y) | -42.5% | -54.0% |
| Market cap | $2.3B | $1.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.65% | 2.51% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MTX | SCL |
|---|---|---|
| 2022 | -16.7% | -13.2% |
| 2023 | +18.0% | -9.7% |
| 2024 | +7.4% | -30.3% |
| 2025 | -19.4% | -24.6% |
| 2026 | +19.2% | +34.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MTX and SCL good diversifiers for each other?
Only partially. A correlation of 0.65 means MTX and SCL share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between MTX and SCL?
Using weekly returns as of 2026-08-27: 0.65 over 3 years, with 0.55 over the last year and 0.63 over 5 years.
Is SCL a good diversifier for MTX?
Only partially. A correlation of 0.65 means MTX and SCL share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
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/mtx-vs-scl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mtx-vs-scl/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MTX correlations · SCL correlations
