AVNT vs TSCO: Correlation
Avient Corporation (AVNT) and Tractor Supply (TSCO) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVNT and TSCO?
Across a 3-year window, the weekly returns of AVNT and TSCO correlate at 0.47, moderate. Recent behaviour matches the longer record: 0.57 over 1 year against 0.47 over 3. Stretching to 5 years gives 0.38, with an annualized covariance of 492.6 %².
By 3-year correlation, TSCO places #30 of the 35 assets tracked against AVNT. Correlation aside, the last 12 months split them widely, with AVNT ahead by 64.7 points (+21.7% versus -43.0%).
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 TSCO: side by side
| AVNT (Avient Corporation) | TSCO (Tractor Supply) | |
|---|---|---|
| 1-year return | +21.7% | -43.0% |
| 5-year return | -3.6% | -1.7% |
| Volatility (ann.) | 36.9% | 28.5% |
| Beta vs S&P 500 | 1.33 | 0.67 |
| Max drawdown (3Y) | -46.9% | -52.7% |
| Market cap | $4.1B | $18.1B |
| P/E (trailing) | 23.9 | 18.3 |
| Dividend yield | 2.45% | 2.68% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | AVNT | TSCO |
|---|---|---|
| 2022 | -38.2% | -4.0% |
| 2023 | +26.4% | -2.6% |
| 2024 | +0.6% | +25.4% |
| 2025 | -21.2% | -4.2% |
| 2026 | +43.9% | -29.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVNT and TSCO good diversifiers for each other?
Reasonably. At 0.47, AVNT and TSCO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AVNT and TSCO?
As of 2026-08-27, the correlation of weekly returns between AVNT and TSCO is 0.47 over 3 years, 0.57 over 1 year and 0.38 over 5 years.
Is TSCO a good diversifier for AVNT?
Reasonably. At 0.47, AVNT and TSCO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 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-tsco.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/avnt-vs-tsco/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AVNT correlations · TSCO correlations
