AVNT vs ROCK: Correlation
Avient Corporation (AVNT) and Gibraltar Industries, Inc. (ROCK) show a strong relationship: their 3-year correlation of weekly returns is 0.66.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVNT and ROCK?
Across a 3-year window, the weekly returns of AVNT and ROCK correlate at 0.66, strong. Little has changed lately, as the 1-year reading of 0.64 lands near the 3-year figure. Stretching to 5 years gives 0.60, with an annualized covariance of 948.9 %².
By 3-year correlation, ROCK places #13 of the 35 assets tracked against AVNT. Their recent paths diverged sharply: over the last 12 months AVNT outperformed by 50.7 percentage points (+21.7% for AVNT against -29.0% for ROCK).
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 ROCK: side by side
| AVNT (Avient Corporation) | ROCK (Gibraltar Industries, Inc.) | |
|---|---|---|
| 1-year return | +21.7% | -29.0% |
| 5-year return | -3.6% | -39.2% |
| Volatility (ann.) | 36.9% | 39.2% |
| Beta vs S&P 500 | 1.33 | 1.19 |
| Max drawdown (3Y) | -46.9% | -61.2% |
| Market cap | $4.1B | $1.4B |
| P/E (trailing) | 23.9 | 22.9 |
| Dividend yield | 2.45% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVNT | ROCK |
|---|---|---|
| 2022 | -38.2% | -31.2% |
| 2023 | +26.4% | +72.1% |
| 2024 | +0.6% | -25.4% |
| 2025 | -21.2% | -16.1% |
| 2026 | +43.9% | -7.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVNT and ROCK good diversifiers for each other?
Only partially. A correlation of 0.66 means AVNT and ROCK 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 ROCK?
As of 2026-08-27, the correlation of weekly returns between AVNT and ROCK is 0.66 over 3 years, 0.64 over 1 year and 0.60 over 5 years.
Is ROCK a good diversifier for AVNT?
Only partially. A correlation of 0.66 means AVNT and ROCK share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.66 mean?
On the −1 to +1 scale, 0.66 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-rock.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/avnt-vs-rock/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AVNT correlations · ROCK correlations
