AVNT vs RICK: Correlation
How closely do Avient Corporation (AVNT) and RCI Hospitality Holdings, Inc. (RICK) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVNT and RICK?
On 3 years of weekly data the AVNT/RICK correlation comes out at 0.51, moderate. The relationship has been stable: the 1-year correlation (0.45) sits close to the 3-year figure. The 5-year figure is 0.48, and annualized covariance runs at 728.2 %².
By 3-year correlation, RICK places #27 of the 35 assets tracked against AVNT. Correlation aside, the last 12 months split them widely, with AVNT ahead by 41.6 points (+21.7% versus -19.9%).
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 RICK: side by side
| AVNT (Avient Corporation) | RICK (RCI Hospitality Holdings, Inc.) | |
|---|---|---|
| 1-year return | +21.7% | -19.9% |
| 5-year return | -3.6% | -54.1% |
| Volatility (ann.) | 36.9% | 39.0% |
| Beta vs S&P 500 | 1.33 | 0.96 |
| Max drawdown (3Y) | -46.9% | -68.8% |
| Market cap | $4.1B | $0.2B |
| P/E (trailing) | 23.9 | – |
| Dividend yield | 2.45% | 1.01% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVNT | RICK |
|---|---|---|
| 2022 | -38.2% | +20.0% |
| 2023 | +26.4% | -28.7% |
| 2024 | +0.6% | -12.8% |
| 2025 | -21.2% | -58.2% |
| 2026 | +43.9% | +24.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVNT and RICK good diversifiers for each other?
Only partially. A correlation of 0.51 means AVNT and RICK 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 RICK?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.45 over the last year and 0.48 over 5 years.
Is RICK a good diversifier for AVNT?
Only partially. A correlation of 0.51 means AVNT and RICK share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 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
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Related comparisons
Hubs: AVNT correlations · RICK correlations
