ACCO vs NWL: Correlation
How closely do Acco Brands Corporation (ACCO) and Newell Brands Inc. (NWL) trade together? Their weekly returns over three years give a correlation of 0.55, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACCO and NWL?
Over the past 3 years, ACCO and NWL moved with a correlation of 0.55, which is moderate. Little has changed lately, as the 1-year reading of 0.65 lands near the 3-year figure. Over 5 years the correlation is 0.52, and the annualized covariance of weekly returns is 1389.9 %².
Among the 22 assets we track against ACCO, NWL ranks #7 by 3-year correlation. On 12-month performance ACCO holds a 12.2-point edge, +17.8% against +5.6%. One caveat on sizing: NWL is 1.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
ACCO vs NWL: side by side
| ACCO (Acco Brands Corporation) | NWL (Newell Brands Inc.) | |
|---|---|---|
| 1-year return | +17.8% | +5.6% |
| 5-year return | -36.8% | -70.7% |
| Volatility (ann.) | 40.3% | 62.8% |
| Beta vs S&P 500 | 1.19 | 1.15 |
| Max drawdown (3Y) | -50.0% | -72.3% |
| Market cap | $0.4B | $2.5B |
| P/E (trailing) | 6.8 | – |
| Dividend yield | 7.16% | 4.70% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACCO | NWL |
|---|---|---|
| 2022 | -29.2% | -37.0% |
| 2023 | +15.3% | -30.9% |
| 2024 | -8.7% | +19.0% |
| 2025 | -23.1% | -60.5% |
| 2026 | +22.5% | +63.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACCO and NWL good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ACCO and NWL?
Using weekly returns as of 2026-08-27: 0.55 over 3 years, with 0.65 over the last year and 0.52 over 5 years.
Is NWL a good diversifier for ACCO?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 mean?
On the −1 to +1 scale, 0.55 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/acco-vs-nwl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/acco-vs-nwl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ACCO correlations · NWL correlations
