AVNT vs KRT: Correlation
Avient Corporation (AVNT) and Karat Packaging Inc. (KRT) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVNT and KRT?
Over the past 3 years, AVNT and KRT moved with a correlation of 0.56, which is moderate. The relationship has been stable: the 1-year correlation (0.52) sits close to the 3-year figure. Over 5 years the correlation is 0.42, and the annualized covariance of weekly returns is 842.6 %².
By 3-year correlation, KRT places #18 of the 35 assets tracked against AVNT. Correlation aside, the last 12 months split them widely, with KRT ahead by 88.2 points (+21.7% versus +109.9%).
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 KRT: side by side
| AVNT (Avient Corporation) | KRT (Karat Packaging Inc.) | |
|---|---|---|
| 1-year return | +21.7% | +109.9% |
| 5-year return | -3.6% | +172.9% |
| Volatility (ann.) | 36.9% | 40.5% |
| Beta vs S&P 500 | 1.33 | 1.09 |
| Max drawdown (3Y) | -46.9% | -34.0% |
| Market cap | $4.1B | $1.0B |
| P/E (trailing) | 23.9 | 19.7 |
| Dividend yield | 2.45% | 3.65% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVNT | KRT |
|---|---|---|
| 2022 | -38.2% | -27.1% |
| 2023 | +26.4% | +82.2% |
| 2024 | +0.6% | +28.8% |
| 2025 | -21.2% | -20.1% |
| 2026 | +43.9% | +130.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVNT and KRT good diversifiers for each other?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AVNT and KRT?
Using weekly returns as of 2026-08-27: 0.56 over 3 years, with 0.52 over the last year and 0.42 over 5 years.
Is KRT a good diversifier for AVNT?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.56 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-krt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/avnt-vs-krt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AVNT correlations · KRT correlations
