AVNT vs SW: Correlation
How closely do Avient Corporation (AVNT) and Smurfit Westrock (SW) trade together? Their weekly returns over three years give a correlation of 0.56, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVNT and SW?
Over the past 3 years, AVNT and SW moved with a correlation of 0.56, which is moderate. The past 12 months show a tighter link (0.71) than the 3-year average (0.56). Over 5 years the correlation is 0.49, and the annualized covariance of weekly returns is 827.3 %².
Among the 35 assets we track against AVNT, SW ranks #19 by 3-year correlation. The trailing year gives AVNT the advantage: +21.7% versus +9.7%, a 12.0-point spread.
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 SW: side by side
| AVNT (Avient Corporation) | SW (Smurfit Westrock) | |
|---|---|---|
| 1-year return | +21.7% | +9.7% |
| 5-year return | -3.6% | +2.6% |
| Volatility (ann.) | 36.9% | 40.1% |
| Beta vs S&P 500 | 1.33 | 0.92 |
| Max drawdown (3Y) | -46.9% | -40.5% |
| Market cap | $4.1B | $25.5B |
| P/E (trailing) | 23.9 | 51.7 |
| Dividend yield | 2.45% | 3.57% |
| Sector / category | US Listed | Materials |
Year-by-year returns
| Year | AVNT | SW |
|---|---|---|
| 2022 | -38.2% | -28.0% |
| 2023 | +26.4% | +14.1% |
| 2024 | +0.6% | +37.6% |
| 2025 | -21.2% | -26.2% |
| 2026 | +43.9% | +29.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVNT and SW good diversifiers for each other?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AVNT and SW?
As of 2026-08-27, the correlation of weekly returns between AVNT and SW is 0.56 over 3 years, 0.71 over 1 year and 0.49 over 5 years.
Is SW a good diversifier for AVNT?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.56 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-sw.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/avnt-vs-sw/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AVNT correlations · SW correlations
