In the literature, there are some conflicting results regarding the influence of metakaolin (MK) addition on autogenous shrinkage behavior of cementitious materials. In this study, with the aim of identifying how the use of MK changes the properties of cementitious materials, cement was partially replaced by MK in different proportions (8%, 16%, and 24%) in pastes produced with variable water/binder ratios (w/b; 0.28, 0.35 and 0.42). The temperature development and calcium hydroxide consumption by thermogravimetric analysis were observed to better characterize the effects of MK on the autogenous shrinkage behavior. The mechanical properties such as compressive strength and flexural strength were experimentally investigated. The results show that the addition of MK has contrasting effects on autogenous shrinkage during early ages depending on the w/b ratio. Thermogravimetric analysis showed that the amount of stratlingite was smaller in pastes with low w/b ratios than in pastes with high w/b ratio. The calcium hydroxide consumption with the pozzolanic reaction of MK was significant even at 2 days, but consumption ratios with respect to the reference paste slowed down at 7 to 28 days.