AVNT vs EPAC: Correlation
How closely do Avient Corporation (AVNT) and Enerpac Tool Group Corp. (EPAC) trade together? Their weekly returns over three years give a correlation of 0.53, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVNT and EPAC?
Over the past 3 years, AVNT and EPAC moved with a correlation of 0.53, which is moderate. Little has changed lately, as the 1-year reading of 0.48 lands near the 3-year figure. Over 5 years the correlation is 0.45, and the annualized covariance of weekly returns is 555.5 %².
Within AVNT's tracked universe of 35 assets, EPAC comes in at #23 by 3-year correlation. The last year tells two different stories: AVNT led by 34.0 percentage points, +21.7% for AVNT against -12.3% for EPAC.
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 EPAC: side by side
| AVNT (Avient Corporation) | EPAC (Enerpac Tool Group Corp.) | |
|---|---|---|
| 1-year return | +21.7% | -12.3% |
| 5-year return | -3.6% | +50.0% |
| Volatility (ann.) | 36.9% | 28.6% |
| Beta vs S&P 500 | 1.33 | 0.80 |
| Max drawdown (3Y) | -46.9% | -36.1% |
| Market cap | $4.1B | $1.9B |
| P/E (trailing) | 23.9 | 21.4 |
| Dividend yield | 2.45% | 0.11% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVNT | EPAC |
|---|---|---|
| 2022 | -38.2% | +25.7% |
| 2023 | +26.4% | +22.3% |
| 2024 | +0.6% | +32.3% |
| 2025 | -21.2% | -6.8% |
| 2026 | +43.9% | -1.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVNT and EPAC good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AVNT and EPAC?
As of 2026-08-27, the correlation of weekly returns between AVNT and EPAC is 0.53 over 3 years, 0.48 over 1 year and 0.45 over 5 years.
Is EPAC a good diversifier for AVNT?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/avnt-vs-epac.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/avnt-vs-epac/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AVNT correlations · EPAC correlations
