MXC vs SHW: Correlation
Measured on weekly returns over the past three years, Mexco Energy Corporation (MXC) and Sherwin-Williams (SHW) carry a correlation of -0.27, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MXC and SHW?
Over the past 3 years, MXC and SHW moved with a correlation of -0.27, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.27 over 1 year against -0.27 over 3. Over 5 years the correlation is -0.12, and the annualized covariance of weekly returns is -417.8 %².
Out of 56 assets tracked against MXC, SHW lands near the bottom at #52. Correlation aside, the last 12 months split them widely, with MXC ahead by 26.7 points (+21.6% versus -5.1%). Note the risk asymmetry: MXC runs 2.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
MXC vs SHW: side by side
| MXC (Mexco Energy Corporation) | SHW (Sherwin-Williams) | |
|---|---|---|
| 1-year return | +21.6% | -5.1% |
| 5-year return | +7.2% | +18.3% |
| Volatility (ann.) | 62.1% | 24.6% |
| Beta vs S&P 500 | -0.31 | 0.79 |
| Max drawdown (3Y) | -60.6% | -25.7% |
| Market cap | – | $83.8B |
| P/E (trailing) | 13.0 | 31.8 |
| Dividend yield | 1.02% | 0.91% |
| Sector / category | US Listed | Materials |
Year-by-year returns
| Year | MXC | SHW |
|---|---|---|
| 2022 | +33.0% | -32.0% |
| 2023 | -26.2% | +32.7% |
| 2024 | +24.6% | +9.9% |
| 2025 | -10.8% | -3.8% |
| 2026 | -0.6% | +7.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MXC and SHW good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MXC and SHW?
The MXC/SHW correlation stands at -0.27 on a 3-year window (1 year: -0.27, 5 years: -0.12), computed from weekly returns as of 2026-08-27.
Is SHW a good diversifier for MXC?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.27 mean?
A reading of -0.27 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/mxc-vs-shw.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mxc-vs-shw/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MXC correlations · SHW correlations
