AVNT vs KWR: Correlation
Avient Corporation (AVNT) and Quaker Houghton (KWR) show a strong relationship: their 3-year correlation of weekly returns is 0.68.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVNT and KWR?
Across a 3-year window, the weekly returns of AVNT and KWR correlate at 0.68, strong. Recent behaviour matches the longer record: 0.64 over 1 year against 0.68 over 3. Stretching to 5 years gives 0.64, with an annualized covariance of 859.3 %².
Within AVNT's tracked universe of 35 assets, KWR comes in at #10 by 3-year correlation. The trailing year gives AVNT the advantage: +21.7% versus +15.1%, a 6.6-point spread.
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 KWR: side by side
| AVNT (Avient Corporation) | KWR (Quaker Houghton) | |
|---|---|---|
| 1-year return | +21.7% | +15.1% |
| 5-year return | -3.6% | -32.5% |
| Volatility (ann.) | 36.9% | 34.3% |
| Beta vs S&P 500 | 1.33 | 1.16 |
| Max drawdown (3Y) | -46.9% | -55.3% |
| Market cap | $4.1B | $2.8B |
| P/E (trailing) | 23.9 | 29.4 |
| Dividend yield | 2.45% | 1.24% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVNT | KWR |
|---|---|---|
| 2022 | -38.2% | -26.9% |
| 2023 | +26.4% | +29.1% |
| 2024 | +0.6% | -33.4% |
| 2025 | -21.2% | -0.8% |
| 2026 | +43.9% | +20.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVNT and KWR good diversifiers for each other?
Somewhat, no more. With 0.68 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AVNT and KWR?
As of 2026-08-27, the correlation of weekly returns between AVNT and KWR is 0.68 over 3 years, 0.64 over 1 year and 0.64 over 5 years.
Is KWR a good diversifier for AVNT?
Somewhat, no more. With 0.68 correlation, most large moves hit both names, and the diversification benefit stays modest.
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-kwr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/avnt-vs-kwr/)
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Related comparisons
Hubs: AVNT correlations · KWR correlations
