AVNT vs SWIM: Correlation
How closely do Avient Corporation (AVNT) and Latham Group, Inc. (SWIM) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVNT and SWIM?
Across a 3-year window, the weekly returns of AVNT and SWIM correlate at 0.50, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.72 versus 0.50 over 3 years. Stretching to 5 years gives 0.47, with an annualized covariance of 1343.8 %².
By 3-year correlation, SWIM places #28 of the 35 assets tracked against AVNT. Their recent paths diverged sharply: over the last 12 months AVNT outperformed by 36.8 percentage points (+21.7% for AVNT against -15.1% for SWIM). One caveat on sizing: SWIM is 2.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 SWIM: side by side
| AVNT (Avient Corporation) | SWIM (Latham Group, Inc.) | |
|---|---|---|
| 1-year return | +21.7% | -15.1% |
| 5-year return | -3.6% | -68.5% |
| Volatility (ann.) | 36.9% | 72.5% |
| Beta vs S&P 500 | 1.33 | 1.70 |
| Max drawdown (3Y) | -46.9% | -44.5% |
| Market cap | $4.1B | $0.8B |
| P/E (trailing) | 23.9 | 139.6 |
| Dividend yield | 2.45% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVNT | SWIM |
|---|---|---|
| 2022 | -38.2% | -87.1% |
| 2023 | +26.4% | -18.3% |
| 2024 | +0.6% | +164.6% |
| 2025 | -21.2% | -8.8% |
| 2026 | +43.9% | +9.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVNT and SWIM good diversifiers for each other?
Only partially. A correlation of 0.50 means AVNT and SWIM 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 SWIM?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.72 over the last year and 0.47 over 5 years.
Is SWIM a good diversifier for AVNT?
Only partially. A correlation of 0.50 means AVNT and SWIM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 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-swim.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/avnt-vs-swim/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AVNT correlations · SWIM correlations
