ASIX vs DOW: Correlation
Measured on weekly returns over the past three years, AdvanSix Inc. (ASIX) and Dow Inc. (DOW) carry a correlation of 0.58, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASIX and DOW?
Over the past 3 years, ASIX and DOW moved with a correlation of 0.58, which is moderate. Recent behaviour matches the longer record: 0.59 over 1 year against 0.58 over 3. Over 5 years the correlation is 0.58, and the annualized covariance of weekly returns is 927.4 %².
In ASIX's tracked universe of 11 assets, DOW sits right near the top at #1. Their recent paths diverged sharply: over the last 12 months DOW outperformed by 47.5 percentage points (-18.5% for ASIX against +29.0% for DOW).
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.
ASIX vs DOW: side by side
| ASIX (AdvanSix Inc.) | DOW (Dow Inc.) | |
|---|---|---|
| 1-year return | -18.5% | +29.0% |
| 5-year return | -49.2% | -38.4% |
| Volatility (ann.) | 45.7% | 35.2% |
| Beta vs S&P 500 | 0.50 | 0.62 |
| Max drawdown (3Y) | -55.2% | -62.2% |
| Market cap | $0.4B | $21.9B |
| P/E (trailing) | – | – |
| Dividend yield | 3.87% | 4.62% |
| Sector / category | US Listed | Materials |
Year-by-year returns
| Year | ASIX | DOW |
|---|---|---|
| 2022 | -18.5% | -6.6% |
| 2023 | -19.7% | +14.7% |
| 2024 | -2.7% | -22.8% |
| 2025 | -37.3% | -37.4% |
| 2026 | -3.0% | +32.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASIX and DOW good diversifiers for each other?
To a limited degree. At 0.58 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 ASIX and DOW?
The ASIX/DOW correlation stands at 0.58 on a 3-year window (1 year: 0.59, 5 years: 0.58), computed from weekly returns as of 2026-08-27.
Is DOW a good diversifier for ASIX?
To a limited degree. At 0.58 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 0.58 mean?
A reading of 0.58 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/asix-vs-dow.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/asix-vs-dow/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ASIX correlations · DOW correlations
