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MSM correlations (MSC Industrial Direct Company, Inc.)

Which assets move with MSM and which ones diversify it, computed from weekly returns across 4756 stocks and ETFs.

Data as of 2026-08-27 · refreshed every trading day · US Listed

Volatility (ann.)

25.3%

3y weekly

Beta vs S&P 500

0.78

3y weekly

1-year return

+38.1%

price, adjusted

5-year return

+73.8%

price, adjusted

P/E ratio

29.6

trailing

Dividend yield

2.84%

trailing

Max drawdown

-29.3%

3y, daily closes

MSM over the last 12 months, weekly closes indexed to 100 at the start.

Stocks and ETFs most correlated with MSM

Asset		Correlation (3Y)
AIT	Applied Industrial Technologies, Inc.	0.66
XLI	Industrial Select Sector SPDR Fund	0.64
ITW	Illinois Tool Works	0.64
MDY	SPDR S&P MidCap 400 ETF	0.62
LECO	Lincoln Electric Holdings, Inc.	0.62

These are the assets whose returns had the least to do with MSM's, historically the most independent picks in our universe.

Asset		Correlation (3Y)
VXX	iPath Series B S&P 500 VIX Short-Term Futures ETN	-0.36
VXZ	iPath Series B S&P 500 VIX Mid-Term Futures ETN	-0.34
FNGD	MicroSectors FANG Index -3X Inverse Leveraged ETNs due	-0.21

Free API · no key required

$ curl https://www.pairbook.io/api/v1/symbols/msm.json

Correlations, diversifiers, beta and volatility for MSM, plus one endpoint per pair. API documentation.

ETF		MSM weight
MDY	SPDR S&P MidCap 400 ETF	0.15%
SCHD	Schwab US Dividend Equity ETF	0.14%