AVTR vs NWL: Correlation
Avantor, Inc. (AVTR) and Newell Brands Inc. (NWL) show a moderate relationship: their 3-year correlation of weekly returns is 0.55.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVTR and NWL?
Across a 3-year window, the weekly returns of AVTR and NWL correlate at 0.55, moderate. Recent behaviour matches the longer record: 0.48 over 1 year against 0.55 over 3. Stretching to 5 years gives 0.46, with an annualized covariance of 1540.0 %².
By 3-year correlation, NWL places #7 of the 14 assets tracked against AVTR. Over the last 12 months AVTR came out ahead by 5.2 percentage points (+10.8% against +5.6%).
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.
AVTR vs NWL: side by side
| AVTR (Avantor, Inc.) | NWL (Newell Brands Inc.) | |
|---|---|---|
| 1-year return | +10.8% | +5.6% |
| 5-year return | -63.4% | -70.7% |
| Volatility (ann.) | 44.6% | 62.8% |
| Beta vs S&P 500 | 0.89 | 1.15 |
| Max drawdown (3Y) | -73.2% | -72.3% |
| Market cap | $9.9B | $2.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 4.70% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVTR | NWL |
|---|---|---|
| 2022 | -50.0% | -37.0% |
| 2023 | +8.3% | -30.9% |
| 2024 | -7.7% | +19.0% |
| 2025 | -45.6% | -60.5% |
| 2026 | +27.5% | +63.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVTR and NWL good diversifiers for each other?
Only partially. A correlation of 0.55 means AVTR and NWL 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 AVTR and NWL?
The AVTR/NWL correlation stands at 0.55 on a 3-year window (1 year: 0.48, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is NWL a good diversifier for AVTR?
Only partially. A correlation of 0.55 means AVTR and NWL share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.55 mean?
A reading of 0.55 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/avtr-vs-nwl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/avtr-vs-nwl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AVTR correlations · NWL correlations
