ASIX vs EVC: Correlation
How closely do AdvanSix Inc. (ASIX) and Entravision Communications Corporation (EVC) trade together? Their weekly returns over three years give a correlation of -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASIX and EVC?
Over the past 3 years, ASIX and EVC moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.42) runs below the 3-year figure (-0.19). Over 5 years the correlation is -0.03, and the annualized covariance of weekly returns is -735.4 %².
Among the 11 assets we track against ASIX, EVC sits near the bottom by co-movement, at rank #9. Correlation aside, the last 12 months split them widely, with EVC ahead by 250.6 points (-18.5% versus +232.1%). Note the risk asymmetry: EVC runs 1.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 EVC: side by side
| ASIX (AdvanSix Inc.) | EVC (Entravision Communications Corporation) | |
|---|---|---|
| 1-year return | -18.5% | +232.1% |
| 5-year return | -49.2% | +53.1% |
| Volatility (ann.) | 45.7% | 82.5% |
| Beta vs S&P 500 | 0.50 | 0.94 |
| Max drawdown (3Y) | -55.2% | -67.4% |
| Market cap | $0.4B | $0.7B |
| P/E (trailing) | – | 404.5 |
| Dividend yield | 3.87% | 2.50% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASIX | EVC |
|---|---|---|
| 2022 | -18.5% | -27.8% |
| 2023 | -19.7% | -9.2% |
| 2024 | -2.7% | -37.6% |
| 2025 | -37.3% | +35.8% |
| 2026 | -3.0% | +182.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASIX and EVC good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ASIX and EVC?
The ASIX/EVC correlation stands at -0.19 on a 3-year window (1 year: -0.42, 5 years: -0.03), computed from weekly returns as of 2026-08-27.
Is EVC a good diversifier for ASIX?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 mean?
A reading of -0.19 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-evc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/asix-vs-evc/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ASIX correlations · EVC correlations
