AVNT vs GSM: Correlation
Measured on weekly returns over the past three years, Avient Corporation (AVNT) and Ferroglobe PLC (GSM) carry a correlation of 0.57, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVNT and GSM?
Across a 3-year window, the weekly returns of AVNT and GSM correlate at 0.57, moderate. The link has tightened recently: the 1-year correlation (0.73) runs above the 3-year figure (0.57). Stretching to 5 years gives 0.47, with an annualized covariance of 1115.4 %².
Among the 35 assets we track against AVNT, GSM ranks #16 by 3-year correlation. The last year tells two different stories: AVNT led by 25.0 percentage points, +21.7% for AVNT against -3.3% for GSM.
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 GSM: side by side
| AVNT (Avient Corporation) | GSM (Ferroglobe PLC) | |
|---|---|---|
| 1-year return | +21.7% | -3.3% |
| 5-year return | -3.6% | -45.4% |
| Volatility (ann.) | 36.9% | 52.6% |
| Beta vs S&P 500 | 1.33 | 1.11 |
| Max drawdown (3Y) | -46.9% | -53.7% |
| Market cap | $4.1B | – |
| P/E (trailing) | 23.9 | – |
| Dividend yield | 2.45% | 1.43% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVNT | GSM |
|---|---|---|
| 2022 | -38.2% | -38.0% |
| 2023 | +26.4% | +69.1% |
| 2024 | +0.6% | -40.9% |
| 2025 | -21.2% | +23.7% |
| 2026 | +43.9% | -12.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVNT and GSM good diversifiers for each other?
To a limited degree. At 0.57 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 GSM?
The AVNT/GSM correlation stands at 0.57 on a 3-year window (1 year: 0.73, 5 years: 0.47), computed from weekly returns as of 2026-08-27.
Is GSM a good diversifier for AVNT?
To a limited degree. At 0.57 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 0.57 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-gsm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/avnt-vs-gsm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AVNT correlations · GSM correlations
