MTZ vs RDCM: Correlation
How closely do MasTec, Inc. (MTZ) and Radcom Ltd. (RDCM) trade together? Their weekly returns over three years give a correlation of 0.36, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MTZ and RDCM?
Over the past 3 years, MTZ and RDCM moved with a correlation of 0.36, which is moderate. Recent behaviour matches the longer record: 0.38 over 1 year against 0.36 over 3. Over 5 years the correlation is 0.29, and the annualized covariance of weekly returns is 735.2 %².
Out of 15 assets tracked against MTZ, RDCM lands near the bottom at #12. Their recent paths diverged sharply: over the last 12 months MTZ outperformed by 60.3 percentage points (+39.5% for MTZ against -20.8% for RDCM).
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.
MTZ vs RDCM: side by side
| MTZ (MasTec, Inc.) | RDCM (Radcom Ltd.) | |
|---|---|---|
| 1-year return | +39.5% | -20.8% |
| 5-year return | +170.8% | -5.4% |
| Volatility (ann.) | 45.9% | 44.0% |
| Beta vs S&P 500 | 1.37 | 0.64 |
| Max drawdown (3Y) | -52.8% | -38.0% |
| Market cap | $20.2B | $0.2B |
| P/E (trailing) | 40.1 | 24.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MTZ | RDCM |
|---|---|---|
| 2022 | -7.5% | -16.2% |
| 2023 | -11.3% | -26.3% |
| 2024 | +79.8% | +53.3% |
| 2025 | +59.7% | +5.8% |
| 2026 | +15.5% | -20.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MTZ and RDCM good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between MTZ and RDCM?
As of 2026-08-27, the correlation of weekly returns between MTZ and RDCM is 0.36 over 3 years, 0.38 over 1 year and 0.29 over 5 years.
Is RDCM a good diversifier for MTZ?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 mean?
On the −1 to +1 scale, 0.36 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
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Related comparisons
Hubs: MTZ correlations · RDCM correlations
