AVNT vs KRO: Correlation
How closely do Avient Corporation (AVNT) and Kronos Worldwide Inc (KRO) 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 KRO?
Across a 3-year window, the weekly returns of AVNT and KRO correlate at 0.68, strong. Little has changed lately, as the 1-year reading of 0.76 lands near the 3-year figure. Stretching to 5 years gives 0.60, with an annualized covariance of 1375.9 %².
Within AVNT's tracked universe of 35 assets, KRO comes in at #9 by 3-year correlation. The last year tells two different stories: KRO led by 23.9 percentage points, +21.7% for AVNT against +45.6% for KRO.
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 KRO: side by side
| AVNT (Avient Corporation) | KRO (Kronos Worldwide Inc) | |
|---|---|---|
| 1-year return | +21.7% | +45.6% |
| 5-year return | -3.6% | -15.4% |
| Volatility (ann.) | 36.9% | 55.0% |
| Beta vs S&P 500 | 1.33 | 1.47 |
| Max drawdown (3Y) | -46.9% | -68.7% |
| Market cap | $4.1B | $1.0B |
| P/E (trailing) | 23.9 | – |
| Dividend yield | 2.45% | 2.28% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVNT | KRO |
|---|---|---|
| 2022 | -38.2% | -33.7% |
| 2023 | +26.4% | +14.9% |
| 2024 | +0.6% | +2.5% |
| 2025 | -21.2% | -53.1% |
| 2026 | +43.9% | +101.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVNT and KRO good diversifiers for each other?
Only partially. A correlation of 0.68 means AVNT and KRO 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 KRO?
The AVNT/KRO correlation stands at 0.68 on a 3-year window (1 year: 0.76, 5 years: 0.60), computed from weekly returns as of 2026-08-27.
Is KRO a good diversifier for AVNT?
Only partially. A correlation of 0.68 means AVNT and KRO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.68 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-kro.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/avnt-vs-kro/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AVNT correlations · KRO correlations
