AVNT vs INGR: Correlation
Measured on weekly returns over the past three years, Avient Corporation (AVNT) and Ingredion Incorporated (INGR) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVNT and INGR?
Over the past 3 years, AVNT and INGR moved with a correlation of 0.52, which is moderate. Little has changed lately, as the 1-year reading of 0.62 lands near the 3-year figure. Over 5 years the correlation is 0.44, and the annualized covariance of weekly returns is 355.7 %².
Among the 35 assets we track against AVNT, INGR ranks #24 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months AVNT outperformed by 39.2 percentage points (+21.7% for AVNT against -17.5% for INGR). Risk is not evenly split, since AVNT carries 2.0 times the volatility of the other side.
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 INGR: side by side
| AVNT (Avient Corporation) | INGR (Ingredion Incorporated) | |
|---|---|---|
| 1-year return | +21.7% | -17.5% |
| 5-year return | -3.6% | +35.7% |
| Volatility (ann.) | 36.9% | 18.5% |
| Beta vs S&P 500 | 1.33 | 0.34 |
| Max drawdown (3Y) | -46.9% | -36.4% |
| Market cap | $4.1B | $6.5B |
| P/E (trailing) | 23.9 | 11.4 |
| Dividend yield | 2.45% | 3.13% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVNT | INGR |
|---|---|---|
| 2022 | -38.2% | +4.5% |
| 2023 | +26.4% | +14.1% |
| 2024 | +0.6% | +29.2% |
| 2025 | -21.2% | -17.9% |
| 2026 | +43.9% | -3.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVNT and INGR good diversifiers for each other?
Only partially. A correlation of 0.52 means AVNT and INGR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between AVNT and INGR?
As of 2026-08-27, the correlation of weekly returns between AVNT and INGR is 0.52 over 3 years, 0.62 over 1 year and 0.44 over 5 years.
Is INGR a good diversifier for AVNT?
Only partially. A correlation of 0.52 means AVNT and INGR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.52 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-ingr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/avnt-vs-ingr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AVNT correlations · INGR correlations
