AVNT vs IFF: Correlation
Avient Corporation (AVNT) and International Flavors & Fragrances (IFF) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVNT and IFF?
Over the past 3 years, AVNT and IFF moved with a correlation of 0.51, which is moderate. Recent behaviour matches the longer record: 0.61 over 1 year against 0.51 over 3. Over 5 years the correlation is 0.54, and the annualized covariance of weekly returns is 554.9 %².
By 3-year correlation, IFF places #26 of the 35 assets tracked against AVNT. On 12-month performance IFF holds a 11.5-point edge, +21.7% against +33.2%.
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 IFF: side by side
| AVNT (Avient Corporation) | IFF (International Flavors & Fragrances) | |
|---|---|---|
| 1-year return | +21.7% | +33.2% |
| 5-year return | -3.6% | -34.3% |
| Volatility (ann.) | 36.9% | 29.5% |
| Beta vs S&P 500 | 1.33 | 0.69 |
| Max drawdown (3Y) | -46.9% | -42.6% |
| Market cap | $4.1B | $22.2B |
| P/E (trailing) | 23.9 | – |
| Dividend yield | 2.45% | 1.84% |
| Sector / category | US Listed | Materials |
Year-by-year returns
| Year | AVNT | IFF |
|---|---|---|
| 2022 | -38.2% | -28.3% |
| 2023 | +26.4% | -19.5% |
| 2024 | +0.6% | +6.3% |
| 2025 | -21.2% | -18.4% |
| 2026 | +43.9% | +30.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVNT and IFF good diversifiers for each other?
To a limited degree. At 0.51 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 IFF?
The AVNT/IFF correlation stands at 0.51 on a 3-year window (1 year: 0.61, 5 years: 0.54), computed from weekly returns as of 2026-08-27.
Is IFF a good diversifier for AVNT?
To a limited degree. At 0.51 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 0.51 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-iff.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/avnt-vs-iff/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AVNT correlations · IFF correlations
