AVNT vs SN: Correlation
Avient Corporation (AVNT) and SharkNinja, Inc. (SN) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVNT and SN?
Over the past 3 years, AVNT and SN moved with a correlation of 0.57, which is moderate. Recent behaviour matches the longer record: 0.65 over 1 year against 0.57 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 911.6 %².
Among the 35 assets we track against AVNT, SN ranks #17 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SN ahead by 38.6 points (+21.7% versus +60.3%).
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 SN: side by side
| AVNT (Avient Corporation) | SN (SharkNinja, Inc.) | |
|---|---|---|
| 1-year return | +21.7% | +60.3% |
| 5-year return | -3.6% | n/a |
| Volatility (ann.) | 36.9% | 43.5% |
| Beta vs S&P 500 | 1.33 | 1.43 |
| Max drawdown (3Y) | -46.9% | -42.6% |
| Market cap | $4.1B | $27.3B |
| P/E (trailing) | 23.9 | 39.4 |
| Dividend yield | 2.45% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVNT | SN |
|---|---|---|
| 2022 | -38.2% | – |
| 2023 | +26.4% | – |
| 2024 | +0.6% | +90.3% |
| 2025 | -21.2% | +14.9% |
| 2026 | +43.9% | +72.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVNT and SN good diversifiers for each other?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AVNT and SN?
As of 2026-08-27, the correlation of weekly returns between AVNT and SN is 0.57 over 3 years, 0.65 over 1 year and n/a over 5 years.
Is SN a good diversifier for AVNT?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.57 mean?
On the −1 to +1 scale, 0.57 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-sn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/avnt-vs-sn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AVNT correlations · SN correlations
