APOG vs BXC: Correlation
How closely do Apogee Enterprises, Inc. (APOG) and Bluelinx Holdings Inc. (BXC) trade together? Their weekly returns over three years give a correlation of 0.54, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APOG and BXC?
On 3 years of weekly data the APOG/BXC correlation comes out at 0.54, moderate. Little has changed lately, as the 1-year reading of 0.59 lands near the 3-year figure. The 5-year figure is 0.51, and annualized covariance runs at 1409.5 %².
Within APOG's tracked universe of 15 assets, BXC comes in at #4 by 3-year correlation. Neither side won the trailing year by much: -5.7% against -2.6%. One caveat on sizing: BXC is 1.5 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.
APOG vs BXC: side by side
| APOG (Apogee Enterprises, Inc.) | BXC (Bluelinx Holdings Inc.) | |
|---|---|---|
| 1-year return | -5.7% | -2.6% |
| 5-year return | +5.1% | +33.6% |
| Volatility (ann.) | 41.4% | 62.7% |
| Beta vs S&P 500 | 0.88 | 1.54 |
| Max drawdown (3Y) | -62.5% | -65.6% |
| Market cap | $0.8B | $0.6B |
| P/E (trailing) | 12.7 | – |
| Dividend yield | 2.59% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | APOG | BXC |
|---|---|---|
| 2022 | -5.7% | -25.7% |
| 2023 | +22.8% | +59.3% |
| 2024 | +35.8% | -9.8% |
| 2025 | -47.8% | -39.9% |
| 2026 | +14.0% | +29.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APOG and BXC good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between APOG and BXC?
Using weekly returns as of 2026-08-27: 0.54 over 3 years, with 0.59 over the last year and 0.51 over 5 years.
Is BXC a good diversifier for APOG?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 mean?
A reading of 0.54 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/apog-vs-bxc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/apog-vs-bxc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: APOG correlations · BXC correlations
