ACCO vs NWPX: Correlation
Acco Brands Corporation (ACCO) and NWPX Infrastructure, Inc. (NWPX) show a moderate relationship: their 3-year correlation of weekly returns is 0.54.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACCO and NWPX?
Over the past 3 years, ACCO and NWPX moved with a correlation of 0.54, which is moderate. The relationship has been stable: the 1-year correlation (0.53) sits close to the 3-year figure. Over 5 years the correlation is 0.46, and the annualized covariance of weekly returns is 826.4 %².
By 3-year correlation, NWPX places #8 of the 22 assets tracked against ACCO. Their recent paths diverged sharply: over the last 12 months NWPX outperformed by 96.3 percentage points (+17.8% for ACCO against +114.1% for NWPX).
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 NWPX: side by side
| ACCO (Acco Brands Corporation) | NWPX (NWPX Infrastructure, Inc.) | |
|---|---|---|
| 1-year return | +17.8% | +114.1% |
| 5-year return | -36.8% | +340.7% |
| Volatility (ann.) | 40.3% | 37.8% |
| Beta vs S&P 500 | 1.19 | 0.95 |
| Max drawdown (3Y) | -50.0% | -35.4% |
| Market cap | $0.4B | $1.1B |
| P/E (trailing) | 6.8 | 23.1 |
| Dividend yield | 7.16% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACCO | NWPX |
|---|---|---|
| 2022 | -29.2% | +6.0% |
| 2023 | +15.3% | -10.2% |
| 2024 | -8.7% | +59.5% |
| 2025 | -23.1% | +29.5% |
| 2026 | +22.5% | +82.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACCO and NWPX good diversifiers for each other?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ACCO and NWPX?
Using weekly returns as of 2026-08-27: 0.54 over 3 years, with 0.53 over the last year and 0.46 over 5 years.
Is NWPX a good diversifier for ACCO?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.54 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/acco-vs-nwpx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/acco-vs-nwpx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ACCO correlations · NWPX correlations
