AVNT vs BXC: Correlation
How closely do Avient Corporation (AVNT) and Bluelinx Holdings Inc. (BXC) trade together? Their weekly returns over three years give a correlation of 0.68, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVNT and BXC?
Across a 3-year window, the weekly returns of AVNT and BXC correlate at 0.68, strong. The past 12 months show a tighter link (0.80) than the 3-year average (0.68). Stretching to 5 years gives 0.60, with an annualized covariance of 1575.4 %².
Among the 35 assets we track against AVNT, BXC ranks #8 by 3-year correlation. The last year tells two different stories: AVNT led by 24.3 percentage points, +21.7% for AVNT against -2.6% for BXC. One caveat on sizing: BXC is 1.7 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.
AVNT vs BXC: side by side
| AVNT (Avient Corporation) | BXC (Bluelinx Holdings Inc.) | |
|---|---|---|
| 1-year return | +21.7% | -2.6% |
| 5-year return | -3.6% | +33.6% |
| Volatility (ann.) | 36.9% | 62.7% |
| Beta vs S&P 500 | 1.33 | 1.54 |
| Max drawdown (3Y) | -46.9% | -65.6% |
| Market cap | $4.1B | $0.6B |
| P/E (trailing) | 23.9 | – |
| Dividend yield | 2.45% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVNT | BXC |
|---|---|---|
| 2022 | -38.2% | -25.7% |
| 2023 | +26.4% | +59.3% |
| 2024 | +0.6% | -9.8% |
| 2025 | -21.2% | -39.9% |
| 2026 | +43.9% | +29.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVNT and BXC good diversifiers for each other?
To a limited degree. At 0.68 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 AVNT and BXC?
Using weekly returns as of 2026-08-27: 0.68 over 3 years, with 0.80 over the last year and 0.60 over 5 years.
Is BXC a good diversifier for AVNT?
To a limited degree. At 0.68 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 0.68 mean?
On the −1 to +1 scale, 0.68 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/avnt-vs-bxc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/avnt-vs-bxc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AVNT correlations · BXC correlations
