AROC vs BLX: Correlation
How closely do Archrock, Inc. (AROC) and Bladex, Inc. (BLX) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AROC and BLX?
Over the past 3 years, AROC and BLX moved with a correlation of 0.51, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.34 versus 0.51 over 3 years. Over 5 years the correlation is 0.47, and the annualized covariance of weekly returns is 474.7 %².
By 3-year correlation, BLX places #9 of the 17 assets tracked against AROC. The trailing year gives AROC the advantage: +34.4% versus +24.5%, a 9.9-point spread.
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.
AROC vs BLX: side by side
| AROC (Archrock, Inc.) | BLX (Bladex, Inc.) | |
|---|---|---|
| 1-year return | +34.4% | +24.5% |
| 5-year return | +420.1% | +326.0% |
| Volatility (ann.) | 36.3% | 25.5% |
| Beta vs S&P 500 | 0.87 | 0.59 |
| Max drawdown (3Y) | -30.3% | -21.0% |
| Market cap | $5.6B | – |
| P/E (trailing) | 17.0 | 9.0 |
| Dividend yield | 2.78% | 4.93% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AROC | BLX |
|---|---|---|
| 2022 | +28.8% | +4.3% |
| 2023 | +81.0% | +60.6% |
| 2024 | +67.6% | +53.7% |
| 2025 | +8.0% | +29.4% |
| 2026 | +25.6% | +27.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AROC and BLX good diversifiers for each other?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AROC and BLX?
As of 2026-08-27, the correlation of weekly returns between AROC and BLX is 0.51 over 3 years, 0.34 over 1 year and 0.47 over 5 years.
Is BLX a good diversifier for AROC?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.51 mean?
On the −1 to +1 scale, 0.51 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/aroc-vs-blx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aroc-vs-blx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AROC correlations · BLX correlations
