ALB vs AVY: Correlation
Measured on weekly returns over the past three years, Albemarle Corporation (ALB) and Avery Dennison (AVY) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALB and AVY?
Across a 3-year window, the weekly returns of ALB and AVY correlate at 0.41, moderate. Recent behaviour matches the longer record: 0.39 over 1 year against 0.41 over 3. Stretching to 5 years gives 0.40, with an annualized covariance of 449.2 %².
Among the 36 assets we track against ALB, AVY ranks #19 by 3-year correlation. The last year tells two different stories: ALB led by 51.6 percentage points, +56.9% for ALB against +5.3% for AVY. The rolling one-year correlation stayed in a tight band between 0.31 and 0.51 over the past three years, which points to a structural rather than episodic relationship. One caveat on sizing: ALB is 2.7 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.
ALB vs AVY: side by side
| ALB (Albemarle Corporation) | AVY (Avery Dennison) | |
|---|---|---|
| 1-year return | +56.9% | +5.3% |
| 5-year return | -39.2% | -14.0% |
| Volatility (ann.) | 54.3% | 20.2% |
| Beta vs S&P 500 | 1.62 | 0.61 |
| Max drawdown (3Y) | -74.1% | -30.6% |
| Market cap | $16.0B | $13.5B |
| P/E (trailing) | 502.9 | 20.0 |
| Dividend yield | 1.20% | 2.10% |
| Sector / category | Materials | Materials |
Year-by-year returns
| Year | ALB | AVY |
|---|---|---|
| 2022 | -6.6% | -15.1% |
| 2023 | -32.8% | +13.7% |
| 2024 | -39.5% | -5.9% |
| 2025 | +67.7% | -0.7% |
| 2026 | -3.5% | -0.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALB and AVY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ALB and AVY?
As of 2026-08-27, the correlation of weekly returns between ALB and AVY is 0.41 over 3 years, 0.39 over 1 year and 0.40 over 5 years.
Is AVY a good diversifier for ALB?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 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/alb-vs-avy.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/alb-vs-avy/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ALB correlations · AVY correlations
