AVNT vs PPG: Correlation
How closely do Avient Corporation (AVNT) and PPG Industries (PPG) trade together? Their weekly returns over three years give a correlation of 0.69, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVNT and PPG?
Over the past 3 years, AVNT and PPG moved with a correlation of 0.69, which is strong. Little has changed lately, as the 1-year reading of 0.77 lands near the 3-year figure. Over 5 years the correlation is 0.68, and the annualized covariance of weekly returns is 651.8 %².
By 3-year correlation, PPG places #7 of the 35 assets tracked against AVNT. The last year tells two different stories: AVNT led by 17.9 percentage points, +21.7% for AVNT against +3.8% for PPG.
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 PPG: side by side
| AVNT (Avient Corporation) | PPG (PPG Industries) | |
|---|---|---|
| 1-year return | +21.7% | +3.8% |
| 5-year return | -3.6% | -22.0% |
| Volatility (ann.) | 36.9% | 25.5% |
| Beta vs S&P 500 | 1.33 | 0.90 |
| Max drawdown (3Y) | -46.9% | -37.4% |
| Market cap | $4.1B | $25.2B |
| P/E (trailing) | 23.9 | 16.4 |
| Dividend yield | 2.45% | 2.48% |
| Sector / category | US Listed | Materials |
Year-by-year returns
| Year | AVNT | PPG |
|---|---|---|
| 2022 | -38.2% | -25.7% |
| 2023 | +26.4% | +21.2% |
| 2024 | +0.6% | -18.5% |
| 2025 | -21.2% | -12.0% |
| 2026 | +43.9% | +12.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVNT and PPG good diversifiers for each other?
Only partially. A correlation of 0.69 means AVNT and PPG 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 PPG?
The AVNT/PPG correlation stands at 0.69 on a 3-year window (1 year: 0.77, 5 years: 0.68), computed from weekly returns as of 2026-08-27.
Is PPG a good diversifier for AVNT?
Only partially. A correlation of 0.69 means AVNT and PPG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.69 mean?
A reading of 0.69 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/avnt-vs-ppg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/avnt-vs-ppg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AVNT correlations · PPG correlations
