AVNT vs SSD: Correlation
Avient Corporation (AVNT) and Simpson Manufacturing Company, Inc. (SSD) 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 SSD?
On 3 years of weekly data the AVNT/SSD correlation comes out at 0.68, strong. The relationship has been stable: the 1-year correlation (0.69) sits close to the 3-year figure. The 5-year figure is 0.66, and annualized covariance runs at 740.7 %².
Within AVNT's tracked universe of 35 assets, SSD comes in at #11 by 3-year correlation. Correlation aside, the last 12 months split them widely, with AVNT ahead by 27.0 points (+21.7% versus -5.3%).
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 SSD: side by side
| AVNT (Avient Corporation) | SSD (Simpson Manufacturing Company, Inc.) | |
|---|---|---|
| 1-year return | +21.7% | -5.3% |
| 5-year return | -3.6% | +65.7% |
| Volatility (ann.) | 36.9% | 29.5% |
| Beta vs S&P 500 | 1.33 | 0.89 |
| Max drawdown (3Y) | -46.9% | -34.4% |
| Market cap | $4.1B | $7.5B |
| P/E (trailing) | 23.9 | 20.3 |
| Dividend yield | 2.45% | 0.63% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVNT | SSD |
|---|---|---|
| 2022 | -38.2% | -35.6% |
| 2023 | +26.4% | +125.4% |
| 2024 | +0.6% | -15.7% |
| 2025 | -21.2% | -1.9% |
| 2026 | +43.9% | +13.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVNT and SSD good diversifiers for each other?
To a limited degree. At 0.68 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between AVNT and SSD?
The AVNT/SSD correlation stands at 0.68 on a 3-year window (1 year: 0.69, 5 years: 0.66), computed from weekly returns as of 2026-08-27.
Is SSD a good diversifier for AVNT?
To a limited degree. At 0.68 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.68 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
$ curl https://www.pairbook.io/api/v1/pairs/avnt-vs-ssd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/avnt-vs-ssd/)
The core API is free. Terms and every endpoint in the API documentation.
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Hubs: AVNT correlations · SSD correlations
