AVNT vs ZBRA: Correlation
Avient Corporation (AVNT) and Zebra Technologies (ZBRA) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVNT and ZBRA?
Across a 3-year window, the weekly returns of AVNT and ZBRA correlate at 0.56, moderate. The relationship has been stable: the 1-year correlation (0.51) sits close to the 3-year figure. Stretching to 5 years gives 0.58, with an annualized covariance of 843.7 %².
Within AVNT's tracked universe of 35 assets, ZBRA comes in at #20 by 3-year correlation. Over the last 12 months AVNT came out ahead by 9.4 percentage points (+21.7% against +12.3%).
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 ZBRA: side by side
| AVNT (Avient Corporation) | ZBRA (Zebra Technologies) | |
|---|---|---|
| 1-year return | +21.7% | +12.3% |
| 5-year return | -3.6% | -38.2% |
| Volatility (ann.) | 36.9% | 40.8% |
| Beta vs S&P 500 | 1.33 | 1.54 |
| Max drawdown (3Y) | -46.9% | -52.7% |
| Market cap | $4.1B | $17.1B |
| P/E (trailing) | 23.9 | 33.0 |
| Dividend yield | 2.45% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | AVNT | ZBRA |
|---|---|---|
| 2022 | -38.2% | -56.9% |
| 2023 | +26.4% | +6.6% |
| 2024 | +0.6% | +41.3% |
| 2025 | -21.2% | -37.1% |
| 2026 | +43.9% | +48.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVNT and ZBRA 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 ZBRA?
The AVNT/ZBRA correlation stands at 0.56 on a 3-year window (1 year: 0.51, 5 years: 0.58), computed from weekly returns as of 2026-08-27.
Is ZBRA 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?
A reading of 0.56 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/avnt-vs-zbra.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/avnt-vs-zbra/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AVNT correlations · ZBRA correlations
